Markets Snap Losing Streak; Sensex Jumps 564 Points
What Happened
Indian equities ended higher after bargain buying and easing concerns over crude oil prices. The Sensex rose 564 points (0.76%) to 74,858.99, while the Nifty 50 gained 67.9 points (0.29%) to close at 23,414.30. Top gainers: Eternal, HCL Technologies, SBI Life Insurance. Best sectors: FMCG, Pharma, Healthcare and Realty. Lagging sectors: Metals and PSU Banks.
Key Takeaways
After six consecutive weeks of declines, markets found support from falling oil prices, softer global bond yields, and improving risk sentiment. However, broader market participation remained muted, suggesting investors are still cautious despite today's rebound.