Indian benchmarks rebound sharply as global sentiment and sectoral strength lift markets

Markets rallied over one percent as global cues strengthened, PSU bank and metal stocks advanced, and Nifty recovered sharply from intraday losses to approach its record level.

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Indian benchmarks rebound sharply as global sentiment and sectoral strength lift markets

Indian benchmarks rebound sharply as global sentiment and sectoral strength lift markets
Indian equities posted a strong recovery on Wednesday after three consecutive sessions of losses, supported by firm global cues and broad-based buying interest. The Nifty 50 rose 1.20 percent to 26,195.40, while the Sensex advanced nearly 900 points to 85,582.40. Gains in PSU bank and metal stocks contributed significantly to the uptrend, alongside positive momentum seen across major Asian markets following overnight strength on Wall Street. The Nifty also recovered around 350 points from its intraday low, narrowing the gap to its record high.
Companies:
  • State-run banks
  • Metal producers
Tags:
  • markets
  • india