Markets bounce back in early trade after sharp fall in previous session
Benchmark indices Sensex and Nifty rebounded sharply on Friday (May 23, 2025) driven by buying in blue-chip IT stocks and consumer goods major ITC.
After a flat start to the trade, the 30-share BSE benchmark gauge Sensex, bounced back and jumped 953.18 points to 81,905.17 in late morning deals. The NSE Nifty surged 299.35 points to 24,909.05.
From the Sensex firms, ITC, Eternal, Power Grid, Tech Mahindra, Infosys and HCL Tech were among the biggest gainers.
Sun Pharma emerged as the only laggard.
In Asian markets, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng were trading in the positive territory, while South Korea’s Kospi and Shanghai’s SSE Composite index quoted lower.
US markets ended largely flat on Thursday.
Global oil benchmark Brent crude dipped 0.57 per cent to USD 64.07 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,045.36 crore on Thursday, according to exchange data.
On Thursday, the BSE Sensex tanked 644.64 points or 0.79 per cent to settle at 80,951.99. The Nifty tumbled 203.75 points or 0.82 per cent to 24,609.70.
Sensex and Nifty rebound in early trade driven by blue-chip IT stocks, Asian markets; market direction uncertain. | Source: The Hindu
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