Sensex Today: Stock Market Rebounds as Tech Rally Lifts Sensex Index & Nifty 50

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Stock Markets Bounce Back After 4-Day Fall; Tech Stocks Lift Sentiment Across Dalal Street

After four consecutive sessions of weakness, Indian equity benchmarks staged a powerful recovery on Thursday, bringing a much-needed breather for investors. The Sensex today reclaimed momentum, supported by sharp buying in large-cap technology companies. Despite global mixed cues and a record-low rupee, domestic markets found strength in selective sectoral rallies and local institutional support.

The rebound comes at a time when traders have been navigating a volatile landscape marked by foreign portfolio outflows, currency pressures and uncertainty surrounding the Reserve Bank of India’s upcoming monetary policy decision.

Below is a detailed breakdown of how the day unfolded and what factors shaped market direction.

Tech Stocks Drive Market Revival

India’s heavyweight IT counters — including Tata Consultancy Services, Infosys, Tech Mahindra and HCL Tech — led the rebound as investors reassessed valuations after recent corrections. Market analysts noted that global tech earnings optimism and stable US cues spurred renewed confidence.

Thanks to this rally, the Sensex index climbed 158.51 points to settle at 85,265.32, recovering from early weakness. The Nifty closing at 26,033.75 also signaled improving sentiment after days of selling pressure.

Tech’s leadership was particularly significant as the sector holds major weight in both Nifty and Sensex, often acting as a swing factor during volatile sessions.

Intraday Volatility Keeps Traders on Edge

Although optimism returned, the session was far from smooth. The stock market live movement showed sharp swings as the benchmarks dipped at open, surged mid-session, then retreated again due to profit booking.

At its peak, the Sensex was up more than 380 points but later surrendered nearly half the gains. Still, analysts believe the rebound indicates that domestic support remains strong even amid global uncertainties.

FIIs Continue Selling; DIIs Provide Support

Foreign Institutional Investors sold equities worth ₹3,206.92 crore on Wednesday — an extension of their selling streak driven by rupee weakness and concerns about global liquidity.

On the other hand, Domestic Institutional Investors purchased stocks worth ₹4,730.41 crore, cushioning the impact of overseas outflows. This contrasting flow pattern has become a recurring theme in recent months, showing that local institutions are stepping in whenever valuations appear attractive.

Rupee Hits New Low, But Markets Stay Steady

The Indian rupee touched a fresh lifetime low of 90.43 against the US dollar. Typically, currency depreciation weighs heavily on equities, particularly import-dependent sectors.

Yet, the Sensex news today reflects resilience, supported by the fact that a weaker rupee benefits IT exporters, who earn a large chunk of their revenue in dollars. This partially explains the strong performance of tech firms.

Global Markets Influence Domestic Moves

Asian markets delivered a mixed picture, with China and South Korea ending in the red, while Japan and Hong Kong registered gains. European markets were trading higher during Indian hours, offering only limited directional clarity.

US markets closed with moderate gains overnight, helping Indian indices stabilise after a negative opening.

RBI Policy Meeting Creates Cautious Sentiment

Traders remain cautious ahead of the Monetary Policy Committee (MPC) meeting. While no rate cut is expected, the tone of the RBI — especially regarding inflation risks and currency weakness — will be crucial.

Market strategists believe the central bank may maintain its current stance but could highlight concerns relating to global macroeconomic shifts.

Crude Oil Slightly Higher, Adding Pressure to Domestic Inflation

Brent crude prices edged up 0.38% to $62.91 per barrel. Higher crude prices tend to impact inflation-sensitive sectors, potentially limiting market upside.

Market Breadth Negative Despite Index Gains

A peculiar aspect of the session was the negative market breadth — only 1765 stocks advanced while 1848 declined. This discrepancy reflects that the rally was narrow and concentrated mostly in IT and a few defensives.

Major gainers included:

• Tata Consultancy Services
• Infosys
• Tech Mahindra
• Bharti Airtel
• Sun Pharma

Lagging behind were:

• Maruti
• Kotak Mahindra Bank
• Titan

Technical Outlook: Nifty’s Resistance Levels in Focus

Market technicians observed that the nifty 50 attempted a breakout but faced resistance around 26,100. A consolidation phase is now expected before a decisive move.

If Nifty sustains above 26,000, analysts believe the next targets could be 26,111 and 26,200. Conversely, a fall below 25,935 might revive bearish momentum.

Conclusion: A Relief Rally, But Risks Remain

Thursday’s rebound offers welcome relief after days of declines. However, currency weakness, persistent FII outflows, global uncertainties and central bank cues will continue to influence the markets today.

For now, investors appear encouraged by the resilience of tech stocks and steady domestic buying — but the near-term trajectory will depend heavily on the outcome of the RBI policy announcement.

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