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Markets Rebound After 3-Day Decline, Sensex Ends at 80,998
Mumbai, June 4: After three days of bearish pressure, Indian equity markets staged a sharp recovery on Wednesday, tracking strength in global equities. The markets rebound was led by gains in heavyweight stocks like Reliance Industries and HDFC Bank, bringing fresh optimism to Dalal Street.
Key Highlights: Sensex & Nifty Performance
- Sensex jumped 260.74 points (0.32%) to close at 80,998.25
- During the day, it surged as much as 349.78 points to hit 81,087.29
- Nifty 50 advanced 77.70 points (0.32%) to end at 24,620.20
This bounce came after three consecutive days of decline, hinting at renewed investor confidence.
Top Gainers and Losers
Top Gainers (Sensex):
- Eternal surged 3.32%
- Bharti Airtel, IndusInd Bank, Tech Mahindra, Reliance, and Tata Motors followed closely.
- Top Losers:
- Bajaj Finserv, Axis Bank, TCS, Titan, and Larsen & Toubro ended in the red.
What Boosted the Rebound?
According to Vinod Nair, Head of Research at Geojit Financial Services:
“Favourable global cues like strong US job data and easing US-China trade tensions supported the recovery. Mid and small-cap stocks also outperformed due to strong earnings and reasonable valuations.”
Asian markets, including South Korea’s Kospi and Japan’s Nikkei, also witnessed strong gains, which helped boost investor sentiment back home.
Global & Domestic Market Factors
US Markets: Closed in green on Tuesday
Brent Crude: Up 0.38% at $65.92/barrel
FIIs: Offloaded equities worth ₹2,853.83 crore on Tuesday
RBI Policy Meet: All eyes are now on the Reserve Bank’s upcoming monetary policy, with hopes of a possible rate cut and updates on growth and inflation outlook.
Analyst Take: What to Expect?
With strong global cues and easing trade tensions, investors are hopeful of a positive trend ahead. However, much will depend on the RBI’s policy stance and ongoing macroeconomic indicators.
“The market seems to have found its footing for now, but caution remains key with the RBI meeting in focus,” added Nair.
Conclusion
The markets rebound marks a crucial turning point for traders and investors after recent volatility. As blue-chip stocks recover and global cues remain supportive, the near-term outlook appears stable—but cautious optimism is the keyword.
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