After a six-day losing streak, Indian markets opened higher on September 29 with gains in IT and pharma stocks supporting sentiment.
The market recovery comes despite continued Foreign Institutional Investor selling, with FIIs offloading equities worth ₹5,687 crore on Friday and ₹30,143 crore in September so far.
Analysts, however, remain cautious as volatility persists and resistance levels weigh on the Nifty’s upside momentum
Support came in from IT, auto, pharma, and metal stocks. The rebound follows last week’s nearly 3 percent fall when tariffs and visa hike news dampened sentiment.
The Sensex rose 240.87 points, or 0.30 percent, to 80,667.33, while the Nifty gained 81.50 points, or 0.33 percent, to 24,736.20, on Monday.
Also Read: Pharma stocks rebound as tariff fears ease; Sun Pharma, Lupin, Cipla lead gains