Markets Snap 7-Day Losing Streak; Sensex Surges 628 Points and Nifty 154 Points
What Happened
Indian equities rebounded strongly on Thursday, ending a seven-session losing streak. The Sensex jumped 628.04 points (0.82%) to close at 77,537.72, while the Nifty 50 gained 153.55 points (0.64%) to settle at 24,231.85. Gains were led by IT, financial and consumer stocks, supported by improved global sentiment and easing concerns in bond markets.
Key Takeaways
The market staged a broad-based recovery after a week of selling pressure, with most sectors ending in the green. Investors drew confidence from softer global bond yields and positive global cues, though elevated crude oil prices remain a key risk to watch.