The Indian equity markets recovered strongly on the back of value buying, with the Nifty bouncing back 250 points from the day’s low to trade above 25,950. The broader Sensex also regained lost ground, supported by gains in key sectors like auto and metals.
Market analysts pointed to five key factors behind the rebound:
- Value buying at lower levels by domestic investors.
- Strong sectoral support from metal and auto stocks.
- Positive global cues boosting sentiment.
- Stable domestic macro indicators keeping investor confidence intact.
- Short-covering and technical factors helping sustain the recovery.
The recovery suggests cautious optimism among traders, with the near-term range for Nifty expected between 25,950 and 26,150.
