Stock Market
Early crash, dramatic recovery: Sensex rebounds amid global peace hopes
Mumbai/IBNS: The Indian stock market opened lower on Tuesday but quickly recovered to trade in the green, reflecting volatile investor sentiment amid improving global cues, media reports said.
The benchmark indices initially witnessed selling pressure before bouncing back within hours of the opening bell.
Early fall erased in volatile session
The BSE Sensex dropped 0.4 percent to 76,224 in early trade but later recovered to trade around 100 points higher during the morning session.
Similarly, the NIFTY 50 slipped 0.3 percent to 23,966 at the opening bell before erasing losses and moving into positive territory.
Analysts said the market remained volatile as investors tracked both domestic triggers and global developments.
Asian market cues support recovery
The recovery in Indian equities mirrored gains across Asian markets amid hopes of progress in the ongoing US-Iran peace talks.
Investor sentiment improved globally on expectations that easing geopolitical tensions could stabilise crude oil prices and reduce uncertainty in international markets.
Global optimism lifts investor sentiment
Indian equities have witnessed sharp fluctuations in recent sessions due to concerns over global economic slowdown, crude oil price movements and geopolitical developments in West Asia.
Market participants are also closely monitoring signals from the US Federal Reserve regarding future interest rate decisions, while foreign institutional investor activity continues to influence domestic market trends.
Despite intermittent corrections, benchmark indices have remained resilient amid optimism over India’s economic growth outlook and corporate earnings.
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