After a tumultuous week marked by relentless declines, the Indian stock market finally caught a breather on the last trading day. Benchmark indices opened in positive territory, signaling a potential turnaround amid ongoing global uncertainties.
The Sensex surged over 200 points at open, while the Nifty climbed above the 24,000 mark. This rebound comes after five straight sessions of losses, where investors grappled with fears of geopolitical tensions and softening corporate earnings.
Market experts attribute today’s green opening to renewed foreign institutional investor (FII) buying and bargain hunting in beaten-down sectors like IT and banking. ‘The oversold conditions have attracted value investors,’ said a leading analyst from Mumbai.
Sector-wise, auto and metal stocks led the gains, with Tata Motors and JSW Steel posting sharp recoveries. However, caution persists as traders eye upcoming US Fed policy cues and domestic inflation data.
As the session progresses, all eyes are on whether this early momentum sustains through the day. For now, the market’s positive start offers hope to rattled investors after a bruising week.