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Indian Markets Recover Partially After Global Sell-Off

Sensex gains over 760 points and Nifty nears 24,853 as easing U.S. Treasury yields and blue-chip stock buying drive recovery.

Overview

  • Indian stock markets rebounded on May 23, recovering nearly half of the losses from the previous session's plunge.
  • The Sensex rose 769 points to close at 81,721, while the Nifty gained 243 points to end at 24,853, led by IT and FMCG sectors.
  • Easing U.S. Treasury yields and hopes for a record Reserve Bank of India dividend bolstered investor sentiment.
  • Global trade tensions, U.S. fiscal concerns, and Israel-Iran geopolitical risks remain key factors influencing market volatility.
  • Despite the recovery, Indian indices posted a weekly decline, reflecting lingering uncertainties in global and domestic markets.