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    Stock Markets Rebound As Sensex Gains Over 300 Points, Nifty Tests 26K

    8 hours ago

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    The Indian benchmark indices opened higher as the Sensex opened higher at 84,804.98 rising over 300 points and the Nifty gained over 90 points and opened trade at 25,907.20.

    In the 30-share BSE Sensex, among the top gainers were stocks like TMPV, Reliance, Bharat Electronics, Bajaj Finserv and Eternal and there were no laggards on Friday around 9:20 AM.

    In the broader markets, the Nifty Smallcap 50 gained 0.66 per cent as volatility declined. Sectorally, the Nifty Pharma index jumped 1.26 per cent.

    In the pre-open session the Sensex was trading over 222 points higher at 84,704.48 and the Nifty was trading at 25,922.80 or more than 107 higher around 9:04 AM.

    The Gift Nifty was also trading at 25,950.50 or 10 points higher at 8:50 AM on Friday.

    In the previous session, the BSE Sensex settled below 84,500, falling 78 points, while the NSE Nifty50 ended trading almost flat around 25,816.

    What Do Experts Say?

    Vinod Nair, Head of Research at Geojit Investments Limited, said the markets’ initial uptick after three straight sessions of losses was supported by value buying and a firmer rupee, helped by intervention from the central bank. He added that lingering uncertainty over a potential US–India trade agreement dampened sentiment, leading to profit-taking at elevated levels as the session progressed.

    Ponmudi R, CEO of online trading and wealth-tech firm Enrich Money, said that although Asian markets remained largely weak, Indian equities recovered from their intraday lows. However, he noted that selling pressure returned near higher levels as investors pared positions ahead of the release of US consumer price inflation data.

    Foreign Investors

    On the institutional side, exchange data showed that Foreign Institutional Investors (FIIs) emerged as net buyers on Wednesday, picking up equities worth Rs 1,171.71 crore. Domestic Institutional Investors (DIIs) also continued to lend support to the market, recording net purchases of Rs 768.94 crore in the previous session.

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