Sensex Surges Nearly 800 Points as Banking and IT Stocks Lead Market Recovery

Indian equity markets staged a strong recovery in the latest trading session, driven by declining crude oil prices and robust buying in banking, financial, and information technology stocks. The positive sentiment helped benchmark indices rebound sharply after recent weakness.

The BSE Sensex climbed as much as 989.69 points during intraday trading to touch 77,190.37 before ending the session 790.54 points higher at 76,991.22. The NSE Nifty 50 also posted solid gains, rising 197.55 points to close at 24,021.65.

Market participants welcomed easing geopolitical concerns in the Middle East and a further decline in global crude oil prices, both of which supported investor confidence. The recovery was further strengthened by gains in major banking and technology stocks.

Among the top performers on the Sensex were InterGlobe Aviation, Trent, Tech Mahindra, Bajaj Finance, ICICI Bank, Infosys, HDFC Bank, and Tata Consultancy Services. On the other hand, NTPC, Tata Steel, Maruti Suzuki, and Bharat Electronics ended the session lower.

Broader markets also participated in the rally, with the Nifty Midcap Index gaining 0.10% and the Nifty Smallcap Index advancing 0.40%.

Sector-wise, most indices ended in positive territory. Information technology and real estate stocks emerged as the biggest gainers, with both sectors rising around 2%. The private banking index also recorded a strong gain of nearly 1.8%, reflecting renewed investor interest in financial stocks.

Investor sentiment received an additional boost after a senior U.S. official indicated that India and the United States are close to finalizing a landmark bilateral trade agreement. The proposed deal is expected to open new opportunities for trade and investment between the two countries and could strengthen economic ties significantly.

Asian markets also witnessed a recovery after recent weakness. South Korea’s Kospi Index rebounded more than 3%, while China’s Shanghai SSE Composite Index and Hong Kong’s Hang Seng Index ended higher. Japan’s Nikkei 225, however, closed in negative territory.

European markets traded on a mixed note, while U.S. markets had ended sharply lower in the previous session. The Nasdaq Composite fell 2.21%, and the S&P 500 declined 1.44%, reflecting concerns in global technology shares.

According to exchange data, Foreign Institutional Investors (FIIs) remained net buyers, purchasing equities worth ₹17.86 crore during the previous trading session.

The rally was also reflected in individual stock performances, with more than 140 companies touching their 52-week highs on the Bombay Stock Exchange. Notable names included KPR Mill, Aether Industries, Caplin Point Laboratories, Welspun Living, FSN E-Commerce Ventures, Apar Industries, Aurobindo Pharma, Zydus Lifesciences, Gujarat Fluorochemicals, and Laurus Labs.

Meanwhile, global crude oil prices continued to ease, with Brent crude declining 1.69% to $75.78 per barrel. Lower oil prices are generally favorable for India's economy, helping reduce import costs and inflationary pressures.

The combination of falling crude prices, renewed buying in banking and IT stocks, positive trade-related developments, and stable foreign investment flows helped Indian markets post a strong rebound, restoring confidence among investors after recent volatility.