Indian equities snap losing streak as Nifty gains, Sensex rises 628 points

Indian equities delivered relief to investors on Thursday as major indices reversed course from a seven-session losing streak. The Nifty index climbed 0.64% while the Sensex surged 628 points, according to market reports. The rally was supported by a moderation in global bond yields, which had weighed on emerging market sentiment in preceding sessions. Market breadth—a gauge of overall participation—turned positive, suggesting broader-based buying interest across the market. Stocks including Kotak Bank, HCL Tech, and InterGlobe Aviation were among the notable performers, though the excerpt did not specify individual movements.

The rebound holds significance as it signals potential stabilization after a prolonged downturn that had pressured Indian equities. Global bond yield relief typically supports equity valuations, particularly in emerging markets like India that are sensitive to foreign capital flows and international rate expectations. Analysts identified critical technical levels, with the 24,100-24,000 band serving as important support for the Nifty, suggesting this range could attract buyers if markets weaken further. The 24,300 level was marked as immediate resistance, indicating the near-term ceiling for the index. These technical markers provide traders with key price points to monitor for continuation or reversal of the current uptrend. Sustained momentum above resistance would be needed to confirm a sustained recovery from the recent selling pressure.

Source: Markets-Economic Times