Sensex Jumps 879 Points, Nifty Reclaims 22,500
What Happened
Indian equity markets rebounded sharply on Friday, snapping a two-day losing streak. The Nifty 50 rose 288.65 points (1.3%) to close at 22,520.45, while the BSE Sensex gained 879.09 points (1.23%) to end at 72,472.33. Strong buying in IT and FMCG stocks powered the rally, with Nifty IT climbing about 3%. TCS, ITC, Apollo Hospitals, HCLTech and Eicher Motors were among the top gainers.
Key Takeaways
The market recovered nearly 80% of the previous session's losses as optimism around IT earnings, especially TCS, and gains in FMCG stocks lifted sentiment. However, investors remain cautious about foreign fund outflows, crude oil prices and global uncertainties.