Opening the market on Thursday, Indian equities began on a positive note but quickly turned volatile as early gains faded amid profit booking and mixed global cues.
The BSE Sensex recovered nearly 300 points from its day’s low, reflecting buying interest at lower levels. The Nifty 50 also showed resilience, moving closer to the 24,400 mark after witnessing swings through the session.
The day’s range (intraday high and low levels for Sensex and Nifty) was not clearly specified in the available information. However, the broader movement reflected recovery from early weakness and a stable close near higher levels.
Market sentiment was largely driven by geopolitical developments. Reports suggesting progress toward a US–Iran peace arrangement led to easing crude oil prices globally. Since India is a major importer of crude oil, lower prices are viewed as positive for inflation outlook, corporate margins, and overall macroeconomic stability.
Market recovery was supported by select heavyweight stocks. Reliance Industries, Bharti Airtel, and ICICI Bank were among the key gainers that helped lift sentiment and stabilize the indices after early losses.
On the other hand, pressure was seen in several major stocks during the initial trade. TCS, Infosys, Adani Ports, and Britannia Industries were among the notable losers, contributing to early weakness in the indices, particularly from the IT and select industrial and FMCG segments.
However, market participation indicated stock-specific action rather than a broad-based rally, with investors rotating positions amid global cues and valuation concerns.
Global markets also provided support, with Asian equities firm and US markets closing higher overnight, driven by easing geopolitical risk perception and stable economic expectations.
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