Markets Rebound After Three-Day Decline; Sensex Gains on Buying in HDFC, Axis Bank
Late buying in HDFC Bank and Axis Bank lifted the benchmarks, even as Brent crude rose 1.19% and foreign investors sold Rs 582.99 crore.
- Indian benchmark indices Sensex and Nifty rebounded on Thursday, breaking a three-day losing streak as late buying in key financial stocks offset elevated crude oil pressures.
- Elevated crude oil prices trading above $100 per barrel and persistent geopolitical tensions dampened market sentiment throughout Thursday's session before late-day recovery.
- The 30-share BSE Sensex advanced 138.36 points, or 0.19 per cent, while the 50-share NSE Nifty edged higher by 46.30 points, or 0.20 per cent, led by Axis Bank and HDFC Bank.
- Foreign Institutional Investors remained net sellers, offloading equities worth Rs 582.99 crore on Wednesday, signaling continued institutional caution despite the Thursday rebound.
- In Asian markets, South Korea's Kospi, Shanghai's SSE Composite, and Hong Kong's Hang Seng index ended lower, while Japan's Nikkei 225 settled in positive territory.
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15 Articles
Markets rebound after three-day decline; Sensex gains on buying in HDFC, Axis Bank
30-share BSE Sensex advanced 138.36 points, or 0.19%, to settle at 74,902.59 on last-minute buying; 50-share NSE Nifty edged higher by 46.30 points, or 0.20%, to end at 23,477.80
Indian Markets Rebound: Sensex, Nifty Up Despite High Crude Oil, Geopolitical Tensions
Indian benchmark indices, Sensex and Nifty, closed higher on Thursday, breaking a three-day losing streak, driven by late buying in financial heavyweights like HDFC Bank and Axis Bank, despite persistent geopolitical tensions and crude oil prices exceeding USD 100 per barrel.
Nifty Ends Higher, Sensex Gains 138 Points as Markets Shrug off Crude Oil Surge
Get latest articles and stories on Business at LatestLY. Indian equity markets closed marginally higher on Thursday, with benchmark indices ‘eking out gains’ despite Brent crude oil prices climbing to around USD 102 per barrel, as investors remained cautious amid geopolitical tensions and inflation concerns. Business News | Nifty Ends Higher, Sensex Gains 138 Points as Markets Shrug off Crude Oil Surge.
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