Indian equity markets staged a strong rebound on Thursday, where BSE Sensex advanced more than 300 points, while the Nifty 50 moved above the 25,250 level, offering relief to investors after recent volatility.
The recovery was driven by improved global sentiment following signs of easing geopolitical tensions and a pullback in trade-related concerns. Asian markets traded higher, tracking overnight gains on Wall Street, which helped lift risk appetite across emerging markets, including India.
On the domestic front, buying interest was seen across sectors, supported by selective corporate earnings and stock-specific triggers. Eternal emerged as one of the top gainers, rising sharply after reporting strong quarterly results. Mahindra & Mahindra and Adani Ports also traded higher, gaining around 2 per cent each on firm demand and positive sector outlook. Energy and aviation stocks, including Waaree Energies and InterGlobe Aviation (IndiGo), also attracted investor interest.
However, gains were capped by weakness in select banking and consumer stocks. ICICI Bank slipped amid profit-booking after recent gains, while retail-focused stock Trent also traded lower. Other defensive names saw mixed movement as investors remained cautious despite the broader rebound.
Market participants described the session as a relief rally following sharp losses earlier in the week, noting that investors continued to remain selective. Analysts said the sustainability of the rebound would depend on continued stability in global markets, progress on corporate earnings and upcoming macroeconomic cues.
Also Read: Deepinder Goyal steps down as Eternal CEO