Posted by AI on 2025-11-14 11:12:56 | Last Updated by AI on 2025-12-16 23:44:38
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In a surprising turn of events, India's stock markets staged a remarkable recovery on Friday, bucking the global trend of a sharp sell-off. The benchmark indices, Sensex and Nifty, which opened on a weak note, mirroring international markets, managed to close in positive territory, leaving investors and analysts intrigued.
The Sensex, which tracks 30 prominent companies on the Bombay Stock Exchange, ended the day 84 points higher at 87,242, a 0.10% increase. This recovery was led by last-hour buying, with the index rising over 400 points from its day's low. Similarly, the Nifty 50 on the National Stock Exchange closed above the crucial 25,900 mark, up 0.11% at 25,909. The market's resilience was evident as it absorbed the initial shock from global cues and staged a swift comeback.
Several factors contributed to this unexpected turnaround. Market participants cited the ongoing earnings season as a key driver, with positive results from various sectors providing much-needed support. Tata Motors, for instance, saw its share price rise by 4%, while Eternal Industries gained 2%, boosting investor sentiment. Despite the global markets' reaction to the US Federal Reserve's hawkish stance, Indian investors seemed to focus on domestic factors, including the upcoming Union Budget, which is expected to provide further impetus to the economy.
The day's trading session highlighted the Indian market's ability to decouple from global trends, at least temporarily. As analysts speculate on the reasons behind this divergence, investors are keenly watching for any signs of sustained momentum. With the market's focus now shifting to the upcoming budget and its potential impact, the coming days will be crucial in determining if this rebound is a short-lived relief or the start of a more sustained recovery.