Sensex up 600 pts, Nifty reclaims 25,600: Positive global cues among key factors behind market rebound

The Indian stock markets witnessed a robust recovery today as the Sensex surged 600 points, while the Nifty reclaimed the 25,600 mark. This rebound comes on the heels of a sharp decline in the previous session, offering a sigh of relief to investors. Analysts attribute this upswing to a combination of buying interest in IT shares and favorable global market trends, which have collectively bolstered investor sentiment. Market experts highlight that the positive cues from major global markets played a significant role in driving this recovery. With renewed optimism around international economic developments, foreign institutional investors showed increased interest in Indian equities, particularly in the technology sector. This influx of capital has been pivotal in lifting the indices and restoring confidence among domestic investors as well. Additionally, the IT sector emerged as a key driver of today's rally, benefiting from both strong quarterly earnings and optimistic future growth prospects. The sector's resilience, coupled with supportive global trends, has helped mitigate concerns over inflationary pressures and interest rate hikes. As the market closes on a high note, stakeholders remain cautiously optimistic about maintaining this momentum in the days ahead.

— Authored by Next24 Live