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5d ago

Indian Markets Rebound Sharply After Previous Day's Sell-Off

Sensex surges over 900 points and Nifty jumps nearly 300 points as IT and FMCG stocks lead recovery, though global risks persist.

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Workers clean the glass window of a building in front of an electronic stock board showing Japan's TOPIX index at a securities firm Friday, May 23, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, May 23, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A man walks outside the New York Stock Exchange (NYSE) building on Tuesday following Monday’s broad sell off in New York City, U.S., March 11, 2025. REUTERS/Shannon Stapleton/File Photo

Overview

  • The BSE Sensex rose by over 900 points to reclaim 81,900, while the NSE Nifty gained nearly 300 points, closing around 24,900 after a sharp dip on May 22.
  • The recovery was driven by strong buying in IT and FMCG blue-chip stocks, including Infosys, ITC, and HCL Tech, following improved investor sentiment.
  • Foreign Institutional Investors (FIIs) had offloaded over ₹5,000 crore worth of equities on May 22, contributing to the previous day's steep market correction.
  • Global concerns over rising US bond yields, higher debt levels, and trade uncertainties remain key factors influencing market volatility.
  • Despite the rebound, analysts caution that sustained caution is warranted due to ongoing geopolitical tensions and fragile global economic conditions.