Sensex, Nifty Rebound Strongly on April 10 After Previous Day’s Sharp Fall
Indian stock markets rebound on April 10 as Sensex rises over 650 points and Nifty nears 24,000 amid gains in banking and realty stocks.
Prasanth Subramani 
Indian stock markets witnessed a strong recovery on April 10 after a sharp decline in the previous session. Both benchmark indices, BSE Sensex and Nifty 50, were trading in the green during the morning session.
The Sensex opened at 77,121.01 and surged by 657.67 points to trade at 77,292.62 around 11:30 AM. Similarly, the Nifty 50 gained 197.90 points to reach 23,973.00.
Among top gainers on the Nifty were Asian Paints, Shriram Finance, Eicher Motors, and ICICI Bank.
Broader markets also performed well, with the Nifty Midcap index rising by 0.97 percent and the Smallcap index gaining 1.6 percent.
However, some IT stocks such as HCLTech, Infosys, Tata Consultancy Services, Tech Mahindra, and Sun Pharma were trading lower.
Sector-wise, real estate stocks led the gains, followed by PSU banks, private banks, financial services, and media stocks. In contrast, the IT sector witnessed significant selling pressure.
Meanwhile, global crude oil prices stood at $96.44 per barrel, influencing market sentiment.
The market rebound indicates improved investor confidence after the previous day’s decline, with buying interest seen across multiple sectors except IT.
