Markets Turn Blue on Thursday: Sensex Gains 150 Points, Nifty Reclaims 24,000

G. Subramanian

Mumbai: Indian equity markets staged a modest rebound on Thursday, bringing some relief to investors after three consecutive sessions of losses.

The positive opening came after a bruising Wednesday session, when the Sensex fell 373.93 points and the Nifty declined 141.35 points amid geopolitical tensions, elevated crude oil prices and concerns over global bond yields.

Global cues provide relief

Asian markets traded largely higher on Thursday, while Wall Street had ended positively in the previous session. Investors also took some comfort from the easing of US Treasury yields from recent highs.

However, the recovery remains fragile.

Brent crude continues to trade around $95 a barrel, keeping inflation and India’s import bill firmly in focus. The continuing tensions in the Middle East could also trigger renewed volatility in oil prices and global equities.

FII buying offers support

A significant positive development was the return of foreign institutional buying. Foreign investors were net buyers of around ₹6,688 crore in Indian equities on Wednesday, while domestic institutional investors bought approximately ₹2,813 crore.

This could provide some support to the market if the buying trend continues.

Relief rally or trend reversal?

The key question for investors is whether Thursday’s green opening marks the beginning of a recovery or merely a temporary bounce after the recent sell-off.

Technically, the 24,000 level remains important for the Nifty. Analysts are watching the 23,600–23,800 zone as key support, while 24,150 and higher levels could determine whether the rebound gathers momentum.

For investors, the message remains one of caution.

Thursday’s green opening is encouraging, but one positive session does not yet signal that the correction is over. Crude oil, geopolitical developments, US bond yields and FII flows are likely to remain the key market drivers in the days ahead.