After Monday’s steep fall, the Indian stock market made a strong recovery today. The Nifty 50 closed at 22,535.85, gaining +374 points (+1.68%), while the Bank Nifty ended at 50,511, up +650 points (+1.30%). Broad-based buying helped markets rebound sharply.
What Triggered Today’s Rebound?
1. Oversold Conditions
Yesterday’s sharp fall created oversold conditions across sectors. Bargain hunting was visible from the morning session, especially in quality large-cap stocks.
2. Positive Global Cues
Major global indices opened green, providing confidence to Indian investors. The US markets also showed signs of stabilisation after Tuesday’s dip.
3. Strong Buying in FMCG & Pharma
FMCG surged nearly 2%, with defensive buying coming in. Pharma followed closely, gaining 1.91%.
Sector Performance Snapshot
| Sector | Close | Change |
|---|---|---|
| Nifty FMCG | 54,300.25 | +1,059.10 (+1.98%) |
| Nifty Pharma | 20,377.90 | +382.40 (+1.91%) |
| Nifty IT | 33,244.40 | +575.60 (+1.76%) |
| Nifty Fin Service | 24,301.50 | +393.05 (+1.64%) |
| Nifty Auto | 20,138.15 | +322.60 (+1.62%) |
| Nifty PSU Bank | 6,249.95 | +160.75 (+2.63%) |
What Should Traders Watch Now?
- Tomorrow’s opening will be crucial to confirm today’s reversal.
- Keep an eye on global news flow, especially US inflation data and Fed commentary.
- Short-covering could continue if resistance zones are broken.
Final Takeaway
Markets showed impressive strength today. The recovery was across sectors, which is a good sign. But investors must remain cautious—volatility isn’t gone yet. Stay focused, stick to your plan, and avoid chasing momentum blindly.
Disclaimer: This article is for informational purposes only. Please consult your financial advisor before investing.