Stock Market Recovery Powers Sensex Higher, Nifty Reclaims 23,450

KEY TAKEAWAYS:

Sensex gained 382 points to close at 74,649.84.
Nifty rose 101 points and reclaimed the 23,450 level.
IT stocks led gains while investors shifted focus to RBI policy and inflation data.

Mumbai: The stock market recovery gathered momentum on Tuesday as benchmark indices erased early losses and finished firmly in positive territory. Buying interest in heavyweight stocks, easing crude oil prices and improving investor sentiment helped the market stage a strong comeback, with the Sensex surging nearly 800 points from its intraday low.

The BSE Sensex ended 382.50 points higher at 74,649.84, while the NSE Nifty advanced 100.95 points to settle at 23,483.55.

Stock Market Recovery Driven by IT Stocks and Value Buying

Market breadth remained positive, with 2,222 stocks advancing against 1,803 declines. Investors returned to select blue-chip counters after recent weakness, triggering a broad-based rebound.

The biggest contributors to the rally included Infosys, Tata Consultancy Services, HDFC Bank and HCL Technologies.

On the Nifty, TCS, Infosys, HCL Technologies, Adani Enterprises and Wipro emerged as the top gainers.

Why Investor Sentiment Improved

A key factor behind the rebound was the decline in market volatility. India VIX, often referred to as the fear gauge, dropped nearly 7 percent to 15.36, indicating improving confidence among investors.

Meanwhile, Brent crude prices eased by around 1.6 percent, offering some relief to markets concerned about inflationary pressures and import costs.

The recovery was further supported by buying in heavyweight stocks such as ICICI Bank, Reliance Industries and Bharti Airtel, which recovered from their intraday lows.

RBI Policy and Inflation Data in Focus

Despite the strong finish, investors remain cautious ahead of several important economic triggers.

Market participants are closely monitoring:

Reserve Bank of India policy decisions
Inflation trends
Monsoon progress
Liquidity conditions
Key US economic indicators

The rupee remained under pressure and traded near 95.26 against the US dollar, reflecting concerns over global commodity prices and external market developments.

Stocks That Lagged the Rally

While technology stocks powered the market higher, some sectors remained under pressure.

NTPC was among the biggest losers, declining about 3 percent. Other notable laggards included Axis Bank, Power Grid Corporation of India, HDFC Life, Dr. Reddy’s Laboratories and Bajaj Auto.

With the RBI policy announcement approaching and global economic data due later this week, traders are expected to remain focused on macroeconomic signals that could determine the market’s next direction.

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