Indian benchmark indices witnessed a strong rebound today, with the Sensex gaining a whopping 2,303.19 points or 3.20 percent to reach 74,382.24, while the Nifty surged by 735.80 points or 3.36 percent to settle at 22,620.30. This surge comes after a period of losses, with both midcap and smallcap indices recording impressive gains of 4 percent and 3 percent, respectively.
In a remarkable turnaround, almost all BSE Sensex and Nifty50 stocks closed in the green, with only BPCL and L&T witnessing declines. Sectoral indices painted a positive picture, with Auto, Bank, FMCG, Metal, Telecom, and Media sectors all registering gains of 4-6 percent.
The overall market sentiment was buoyant, as evidenced by the overwhelming number of advancing shares compared to declining ones. This surge in indices reflects renewed investor confidence and optimism, signaling a potential turnaround in market sentiment.
As the market closes on a high note, investors remain hopeful for sustained positive momentum in the coming sessions.