Equity markets witnessed a volatile session on tuesday where the Sensex rebounded nearly 250 points from its day’s low, while the Nifty50 moved back above the 24,050 level, supported by selective buying in key sectors.
The trading day began on a cautious note due to mixed global cues and early profit booking. Both indices slipped in initial trade, reflecting weak sentiment across global markets. However, buying interest gradually emerged in the second half of the session, helping indices recover losses and turn positive.
Sectorally, the recovery was led by auto, pharma, and select metal stocks, which attracted strong investor interest. Maruti Suzuki was among the top gainers, supported by sustained demand outlook in the auto sector. Eternal also saw strong buying momentum, contributing to index recovery. Other supportive stocks included Sun Pharma, JSW Steel, and Reliance Industries, which helped lift market sentiment.
Despite the rebound, weakness persisted in the banking and financial space. Select private banks and financial services companies faced selling pressure throughout the session, limiting broader market upside. Stocks such as Axis Bank and Shriram Finance were among the notable laggards.
By the close, the Sensex managed to erase a large portion of its intraday losses, while the Nifty50 held comfortably above the 24,050 mark, signalling resilience at lower levels.
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