Sensex and Nifty bounce back strongly after 5-day slump
On Monday morning, the Sensex and Nifty made a powerful comeback after five consecutive days of decline. This rally was driven by value buying at lower levels and a surge in global markets.
The BSE Sensex, made up of 30 top-performing stocks, jumped 628.34 points, reaching 78,669.93 in early trade. Meanwhile, the NSE Nifty surged 219 points to hit 23,806.50.
The recovery was largely fueled by buying in blue-chip stocks, known for their stability and strong financial performance. This increase in market activity signals renewed investor confidence and optimism in the economy’s recovery.
The positive movement in global markets also played a key role in lifting the benchmarks. Investors seem hopeful that the recent market slump is behind them, and the economy is on a path to revival. The rebound reflects a strong belief in the resilience of key stocks and the broader market.
