Sensex Jumps 473 Points, Nifty Reclaims 22,500 as Markets Snap Losing Streak
What Happened
Indian equities closed higher on Monday, breaking a four-session losing streak and ending eight consecutive weeks of declines. The Sensex rose 472.77 points (0.66%) to 72,382.47, while the Nifty gained 133.80 points (0.60%) to 22,555.75. Buying in FMCG, banking and energy stocks supported the rally, with ITC emerging as the top gainer. Softer-than-expected US jobs data and easing crude oil prices improved global risk sentiment and boosted domestic markets.
Key Takeaways
The rebound offered investors some relief after a prolonged market correction, but analysts remain cautious as elevated oil prices, FII selling, global uncertainties and the upcoming RBI policy decision could keep volatility high in the near term.