Sensex, Nifty Rebound at Open After Sharp Selloff
What Happened
Indian equity benchmarks opened in positive territory after Thursday’s steep losses. The Sensex rose between 338–422 points to trade near 72,000, while the Nifty gained 91–145 points to hold above 22,300. The rebound was driven by IT stocks, with TCS up nearly 4% following its quarterly results and Infosys, Tech Mahindra, and HCL Tech also advancing. Broader indices showed mixed trends, with MidCap stocks rising modestly and SmallCap indices slipping. Analysts noted that Brent crude remained near $104 per barrel, foreign portfolio investors recorded ₹12,944 crore in outflows on Thursday, and domestic institutional investors provided support with ₹10,703 crore in purchases.
Key Takeaways
Today’s rebound reflects a technical recovery led by IT stocks, but persistent headwinds from high crude prices, weak rupee, and foreign investor selling suggest volatility will continue. Investors should watch institutional flows and global cues closely.