Stock markets rebound in early trade after 4-days of slump; Sensex jumps over 530 pts
Indian equity markets rebounded sharply in early trade Friday after four consecutive sessions of losses, tracking gains across Asian markets. Sensex rose 531 points while Nifty advanced 78 points. Institutional buying, positive US cues and Asian rallies supported investor sentiment
- Why it matters
- Institutional buying and positive signals from US and Asian markets reversed a four-day selling streak, lifting the Sensex 531 points and Nifty 78 points at open.
- Most affected
- Equity investors holding Indian stocks — Portfolio values rose as indexes rebounded from four-day losses.
- Likely next
- Whether the gains hold through the day and whether selling resumes in subsequent sessions.