Indian markets rebound strongly, Nifty reclaims 23,000
What Happened
Indian equities opened higher on October 21 and strengthened rapidly in early trade. By 9:37 am, the Sensex was up 743 points, or 1.01%, at 74,596, while the Nifty 50 gained 212 points to 23,036.85. Technology stocks led the rally. Infosys gained 3.14%, TCS rose 2.43%, UltraTech Cement added 2.54%, while Reliance Industries climbed 2.13%.
Key Takeaways
Indian markets have staged a strong rebound after Monday’s sharp sell-off, with IT heavyweights driving the recovery and Nifty moving back above 23,000.