Indian equity markets staged a strong intraday recovery on Thursday, shrugging off early losses to close in positive territory ahead of the Union Budget scheduled this weekend.
After opening lower, heavy selling pressure dragged the benchmark indices to intraday lows. However, late buying in select heavyweight stocks helped the market recover most of its losses by the close.
Sensex settled 221 points higher
Nifty 50 closed above the 25,400 mark
Tata Steel surged nearly 4%
Larsen & Toubro (L&T) rose around 3%
During intraday trade, the Sensex slipped as much as 637 points (0.8%) to a low of 81,707.94, while the Nifty 50 declined 183 points (0.7%) to 25,159.80, falling below the 25,200 level before recovering.
Sector-wise, the market reflected a risk-off undertone, with selling pressure seen across:
Consumption stocks
Information Technology
Defensive sectors
However, metal stocks led the gains, supported by cyclical optimism and improving global cues. Financials and energy stocks provided limited stability, helping the indices recover from the day’s lows.
Overall, market sentiment suggests a corrective phase, marked by selective buying rather than broad-based participation, as investors remain cautious about near-term growth visibility.
Precious metals witnessed sharp movements during the session:
Gold prices jumped nearly 9% in a single day, outperforming silver
Silver crossed the ₹4 lakh mark
Gold surged by nearly ₹10,000, supported by the US Federal Reserve holding interest rates steady
The debut of the Hang Seng Gold ETF, which jumped over 9%, further highlighted strong investor interest as spot gold touched record highs.
Global markets presented a mixed picture:
S&P 500 futures were little changed
Nikkei 225 futures (Japan) fell 0.9%
Japan’s Topix declined 0.3%
Australia’s S&P/ASX 200 slipped 0.6%
Hong Kong’s Hang Seng gained 0.6%
Shanghai Composite remained flat
Euro Stoxx 50 futures were largely unchanged
While volatility is likely to remain high ahead of the Union Budget, the ability of the Nifty to hold above 25,400 is a positive technical signal. Investors are expected to stay cautious, focusing on stock-specific opportunities and maintaining disciplined risk management.
📌 Markets recover, but selective buying and budget-related volatility remain key themes.
For the latest insights, reports, and personalised advisory:
Phone / WhatsApp: +91 83490-46664
Email: support@stockemphasis.com
Website: https://stockemphasis.com/
Instagram: https://www.instagram.com/stockemphasis/
Facebook: https://www.facebook.com/stockemphasis/
Stock Emphasis
Stock Emphasis
Stock Emphasis
Stock Emphasis
Stock Emphasis
Stock Emphasis
Stock Emphasis
Stock Emphasis
Stock Emphasis
SEBI Registration Number: INH000020022.