Indian stock markets bounced back sharply on Thursday, with the Sensex jumping more than 550 points and the Nifty reclaiming the 23,800 mark after a volatile few trading sessions.
The rally was largely driven by easing crude oil prices and hopes of reduced tensions between the United States and Iran. Investor confidence also improved as the rupee recovered from recent record lows, helping calm fears around inflation and import costs.
Buying interest was visible across most sectors, especially banking, healthcare, IT, and auto stocks. Shares of Apollo Hospitals and Grasim Industries emerged among the top gainers after strong quarterly earnings and positive business outlooks boosted investor sentiment. Banking stocks also saw healthy buying, contributing significantly to the market’s rise.
Broader markets participated in the recovery as several mid-cap and small-cap stocks traded in the green, reflecting renewed optimism among investors after days of uncertainty.
However, not all stocks joined the rally. Ola Electric remained under pressure amid concerns over slowing demand, pricing challenges, and rising competition in the electric vehicle segment. A few energy-related stocks also traded cautiously despite the broader market recovery.
The rebound comes after Indian markets witnessed sharp swings earlier this week due to concerns over rising oil prices and geopolitical tensions in the Middle East. Fears of supply disruptions near the Strait of Hormuz had triggered heavy selling in recent sessions, while the weakening rupee added to investor worries.
Thursday’s recovery offered some relief to Dalal Street, but analysts say volatility may continue in the near term. Market participants are expected to closely track global oil prices, geopolitical developments, foreign investor activity, and currency movements for further direction.
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