Sensex And Nifty Bounce Back Amid Global Jitters, Traders Breathe A Sigh of Relief
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The benchmark indices, Sensex and Nifty, recovered some early losses on Wednesday, giving investors a reason to exhale amid global market jitters. After an initial sharp sell-off, the Sensex hit an intraday low of 81,124.45 and the Nifty slipped below the 25,000 mark to 24,919.80, triggering nerves. But by around 11:30 am, value buyers stepped in, pushing the Sensex up nearly 450 points to 81,557.56 and nudging the Nifty back above 25,000 at 25,045.75, a little relief in an otherwise jittery session.
By 12:27 pm, the market stabilized with the Sensex trading at 81,925.33, down 255.14 points (−0.31%), while the Nifty stood at 25,155.40, down 77.10 points (−0.31%). Top gainers like ETERNAL, Power Grid, and Grasim cheered investors, even as laggards like Trent and Bharat Electronics kept caution alive. With global uncertainties and Wall Street volatility, this bounce is a reminder: calm can return even in choppy waters.
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Top Gainers And Losers – Nifty50
Top Reasons Market Cues: Key Drivers Behind Wednesday’s Equity Movements
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Wall Street Futures Provide Support
US equity futures rose after steep overnight losses, giving Indian markets some relief. S&P 500 futures gained 0.3% and Dow Jones futures 0.2%, helping investors regain confidence amid global volatility.
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Crude Oil Declines
Brent crude fell 1.11% to USD 64.19 per barrel. Lower crude prices support India by easing inflation, reducing import bills, and lowering cost pressures for businesses and consumers.
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Market Support from Value Buying
After Tuesday’s sharp declines, Sensex and Nifty fell 1.3% and 1.4%, touching three-month lows. Wednesday saw buying at lower levels, helping stabilize the market after early panic selling.
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Bank Nifty Rebounds but Remains in Red
Bank Nifty recovered over 300 points from intraday lows after nearly 1,000-point fall earlier. Despite the rebound, ICICI Bank and AU Small Finance Bank led losses, down over 2%, keeping the index in the red.
(With Inputs)
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Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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