Indian Markets Snap 4-Day Losing Streak; Sensex Jumps 500+, Nifty Reclaims 23,900
What Happened
Indian equities opened higher on Friday, tracking strong global cues and easing concerns over a near-term US Fed rate hike. The Sensex rose about 500 points to around 76,650, while the Nifty climbed 55-60 points to above 23,900 in early trade. IT stocks led gains, with TCS, Tech Mahindra and Wipro among the top performers.
Key Takeaways
A softer global interest-rate outlook and strong overnight gains on Wall Street improved investor sentiment, helping Indian markets rebound after four consecutive sessions of losses. IT emerged as the strongest sector at the open.