Indian Markets Rebound as Nifty and Sensex Snap Losing Streak
· Business · Economic Times, Business Standard, LiveMint
Indian equity indices ended a seven-session losing streak on Thursday, August 20, as markets rallied following a stabilization in global bond yields. The NSE Nifty50 rose 153.55 points to close at 24,231.85, while the BSE Sensex surged 628.04 points to settle at 77,537.72. Market breadth turned positive, with 2,108 advances against 1,405 declines on the NSE. Analysts identified the 24,000 level as a crucial support point that helped trigger the rebound. While the broader market indices like Nifty Midcap 100 and Nifty Smallcap 100 finished lower, the Nifty Realty sector saw gains of over 1%.
Why it matters
The market recovery provides a sense of stability for domestic investors after a week of consistent declines, though broader market volatility remains a concern.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.