Indian equity markets staged a strong rebound on Wednesday after Tuesday’s sharp selloff, with benchmark indices opening firmly in the green and extending gains through the session.
The Sensex jumped nearly 700 points, while the Nifty 50 moved above the 25,650 mark, reflecting renewed buying interest across sectors.
BSE Sensex: Rose as much as 558 points to 84,784 (in early trade)
Nifty 50: Climbed 0.6% to around 25,581
Nifty 500: Advanced 0.6%
Market Breadth: Nearly 70% of stocks advanced on the BSE
Broader markets supported the rally, indicating improved investor sentiment.
After plunging nearly 5% on Tuesday, the NSE Nifty IT Index rebounded sharply, rising close to 3% and emerging as the top-performing sector.
The recovery comes as global tech sentiment improved following a tech-led rally on Wall Street, easing concerns around AI-related disruptions in certain industries.
Waaree Energies – Slumped 15%
Premiere Energies – Down 15%
Birlasoft
Schaeffler India
Sectoral indices across the board traded in positive territory, highlighting broad-based buying.
Asian markets provided strong cues:
Nikkei 225: +1.4% (fresh high)
Topix: +0.3%
Kospi: +1.72% (crossed 6,000 for the first time)
ASX 200: +1.13%
Hang Seng: +0.39%
CSI 300: +0.49%
The rally followed gains in U.S. markets, particularly in tech stocks, which helped stabilise global risk appetite.
The sharp rebound suggests that Tuesday’s correction may have been an overreaction, particularly in IT stocks. With global markets stabilising, investors appear to be selectively re-entering growth sectors.
However, stock-specific volatility remains high, as seen in renewable energy counters like Waaree Energies and Premiere Energies.
Nifty Support: 25,400
Resistance: 26,000
Investors should remain cautious but optimistic, focusing on quality stocks amid improving global sentiment.
Stock Emphasis
Stock Emphasis
SEBI Registration Number: INH000020022.