Stock Markets Rebound After Four-Day Decline

By Mahima Katal Benchmark equity indices snapped a four-session losing streak on Tuesday, led by a strong rally in information technology (IT) stocks. The BSE Sensex surged 382.50 points, or 0.52%, to close at 74,649.84, while the NSE Nifty gained 100.95 points, or 0.43%, ending the day at 23,483.55.

The Sensex witnessed significant volatility during the session, rising as much as 1,047 points from its intraday low of 73,815.12 to touch 74,862.19 before settling higher. Out of the 30 Sensex constituents, 20 stocks ended in the green while 10 closed lower.

IT majors led the market recovery, with Tata Consultancy Services (TCS) emerging as the top gainer, climbing 6.53%. Infosys advanced 5.66%, HCL Technologies rose 4.08%, and Tech Mahindra gained 1.76%. Other notable gainers included Adani Ports, Titan, HDFC Bank, Mahindra & Mahindra, and Eternal.

On the downside, NTPC, Axis Bank, Power Grid, and ICICI Bank were among the major laggards.

According to Vinod Nair, Head of Research at Geojit Investments Limited, investor confidence was supported by attractive valuations in large-cap stocks and resilience in global market sentiment despite ongoing geopolitical concerns in the Middle East.

The IT sector emerged as the standout performer, with the BSE IT index surging 4.40%. Market experts attributed the rally to strong earnings and positive guidance from major US technology companies, which reinforced optimism around continued spending on artificial intelligence, cloud computing, and enterprise technology.

"The primary driver behind the recovery was the sharp rally in IT stocks. Positive signals from global technology companies have strengthened expectations of sustained growth in the sector," said Hariprasad K, Research Analyst and Founder of Livelong Wealth.

Meanwhile, global cues remained supportive. Asian markets largely ended higher, with gains in South Korea's Kospi, China's Shanghai Composite, and Hong Kong's Hang Seng indices, while Japan's Nikkei 225 closed lower. European markets were also trading in positive territory.

In the commodities market, Brent crude oil prices fell 1.28% to USD 93.76 per barrel.

Foreign Institutional Investors (FIIs) continued to remain net sellers, offloading equities worth ₹3,911.68 crore on Monday, according to exchange data.

The rebound comes a day after the Sensex had fallen 508.40 points and the Nifty declined 165.15 points, marking their fourth consecutive session of losses.