Indian equity markets bounced back sharply after Thursday’s heavy selloff, with benchmark indices recovering amid volatile trade.
The Sensex surged over 400 points, while the Nifty climbed above 25,600, indicating a recovery attempt after snapping a three-day winning streak in the previous session.
On Thursday, markets ended sharply lower due to escalating US–Iran tensions, which triggered broad-based selling.
Nifty: Closed at 25,454.35 (–1.41%)
Sensex: Settled at 82,498.14
India VIX: Jumped 10.12% to 13.46
Auto, financial, IT, and consumer stocks led the decline.
Markets opened flat but witnessed high volatility, swinging between gains and losses. Weakness in IT stocks capped the overall upside.
Titan: Up around 1%, supporting the index
Infosys: Down nearly 2%, reflecting continued IT sector weakness
The rebound suggests selective buying in large-cap stocks after the recent correction.
Global markets offered mixed signals:
S&P 500 futures: +0.2%
Euro Stoxx 50 futures: +0.3%
Japan’s Topix: –1.4%
Hang Seng: –0.8%
Australia’s ASX 200: Flat
While US and European futures showed mild strength, Asian markets remained cautious.
The sharp rebound indicates resilience, but volatility remains elevated. Continued weakness in IT could limit further upside unless broader sector participation improves.
Nifty Support: 25,400
Resistance: 25,800–26,000
Investors should remain cautious and focus on stock-specific opportunities rather than aggressive index positions.
⚠ Disclaimer: This article is for informational purposes only and does not constitute investment advice.