Markets Bounce Back After Yesterday's Sell-Off
What Happened
Indian markets opened in the green on Friday after two straight sessions of losses. The Sensex rose about 245 points to 77,192, while the Nifty gained 54 points to 24,148 in early trade. Positive global cues, Nvidia-led gains in U.S. tech stocks and easing crude oil prices supported sentiment.
Key Takeaways
IT stocks led the rally, with Infosys, TCS and Tech Mahindra among the top gainers, as investors awaited comments from U.S. Federal Reserve Chair Kevin Warsh at Jackson Hole.