1 week ago
Indian Markets Rebound as Softer US Yields Lift Sentiment
Indian stock markets started Thursday higher after falling for 12 trading sessions in a row.
The Sensex and Nifty 50 both gained in early trading.
Lower US bond yields made investors more willing to take risks.
Analysts said the market may be beginning a small recovery after its recent declines.
Technology, telecom, and metal stocks were among the biggest gainers.
Foreign investors bought Indian shares worth Rs 407 crore.
Domestic investors bought shares worth Rs 3,973 crore.
Asian and US markets also rose, supporting investor confidence.
Oil prices stayed mostly stable despite the US-Iran conflict.
Sensex rose 558 points, or 0.73%, to 77,468 in early trading.
Nifty 50 gained 147 points, or 0.61%, to 24,225.45.
The gains ended a 12-session losing streak and reflected possible short-covering.
Nifty IT, MidSmall IT & Telecom, and Metal were among the strongest sectors.
Foreign institutional investors bought Rs 407 crore, while domestic institutions invested Rs 3,973 crore.
- Who
- Indian equity benchmarks, foreign institutional investors, domestic institutional investors, and global investors.
- What
- Indian markets opened higher, with the Sensex and Nifty 50 gaining after a prolonged decline.
- Where
- Indian equity markets in Mumbai, amid supportive Asian and US market cues.
- When
- Thursday morning; the institutional investment figures refer to Wednesday provisional data.
- Why
- Lower US bond yields, institutional buying, short-covering, and positive global market signals improved investor sentiment.
Potential Recovery
Downside Risks
Near-term market direction
Potential Recovery
Analysts said the rebound from the 24,060 support level and possible short-covering could support a mild recovery.
Downside Risks
Analysts said a break below 24,060 could drag the Nifty 50 toward 23,575.
Technical levels
Potential Recovery
A sustained move above the 24,200-24,260 range could extend the pullback toward 24,380-24,540.
Downside Risks
The market remained vulnerable after a 12-session downtrend, with 24,060 identified as a key support level.
Key facts
- Sensex
- Rose 558 points, or 0.73%, to 77,468 in early trading.
- Nifty 50
- Gained 147 points, or 0.61%, to 24,225.45.
- Previous trend
- The market had declined for 12 consecutive trading sessions.
- Foreign institutional investors
- Bought equities worth Rs 407 crore for a second consecutive session.
- Domestic institutional investors
- Bought equities worth Rs 3,973 crore for a seventh consecutive session.
- Top sectors
- Nifty IT, Nifty MidSmall IT & Telecom, and Nifty Metal gained up to 1%.
- Crude oil
- Brent crude traded around $92 a barrel, while West Texas Intermediate crude was at $84.52.
Sources
Related news
Indian Stock Markets Rebound as Global Yields Ease
Sensex, Nifty Rebound After Seven-Session Market Rout
Indian Markets Rebound as Sensex Gains 400 Points, Nifty Rises
Sensex Jumps 628 Points as Nifty Ends Seven-Day Slide
Indian Markets Open Higher as Falling Oil Prices Lift Sentiment
Indian Stocks End Flat as Crude and US Yields Weigh
Markets Seen Opening Flat as Global Risk Appetite Weakens
SB Energy Files for IPO Amid Nvidia-Backed OpenAI Expansion
ETFs Offer Cost Flexibility, Mutual Funds Offer Convenience
Wall Street Slides as West Asia Tensions Lift Oil Prices
Markets May Open Lower as Iran-US Tensions Lift Oil
