Indian stock markets bounced back on Thursday after a four-day slump. The BSE Sensex gained 158.51 points, closing at 85,265.32, while the NSE Nifty 50 rose 47.75 points to settle at 26,033.75, snapping a four-day losing streak.
The rebound was led by strong gains in the technology sector, with the Nifty IT index climbing 1.41%. Major contributors included Tech Mahindra (+1.51%), Tata Consultancy Services (TCS, +1.48%), HDFC Life Insurance (+1.49%), SBI Life Insurance (+1.41%), and Bharat Electronics (+1.25%).
On the other hand, some stocks lagged, including InterGlobe Aviation (‑2.39%), Reliance Industries (‑0.88%), Hindalco Industries (‑0.65%), Maruti Suzuki (‑0.64%), and Titan Company (‑0.62%), weighing on broader market momentum.
Broader market sectors were mixed. While IT, auto, metal, and realty indices gained, media, pharma, and small- and mid-cap indices underperformed.
The market rebound was supported by value buying, a recovering rupee boosting export-oriented IT firms, and positive global cues. However, foreign institutional investors continued to sell shares, keeping some pressure on the broader market.
Investors are now closely watching the upcoming Reserve Bank of India (RBI) policy decision, which could influence market sentiment in the near term.
Overall, the market’s recovery reflects renewed investor confidence in IT stocks and currency stability, even as caution remains in lagging sectors.
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