Indian equity markets experienced a strong rebound on Thursday (5 Dec 2024), driven by renewed buying interest in heavyweight stocks and a positive global outlook. The rebound was largely driven by strong buying in heavyweight stocks across sectors, with IT majors leading the charge.
Easing selling pressure from foreign institutional investors (FIIs) also contributed to the market’s strength.
Benchmark domestic indices BSE Sensex and NSE Nifty 50 ended in positive territory on Wednesday. The broader indices ended in positive territory, with gains led by Large-cap and Midcap stocks. The Bank Nifty index ended higher by 147.850 points or 04.53% to settle at 49,054.6. Auto and Metal stocks outperformed among the other sectoral indices, while Realty and IT stocks shined.
