MUMBAI, May 23, 2025: The Indian equity markets staged a bullish recovery today, with both the Nifty 50 and the BSE Sensex recovering over 1% in the afternoon trade.
It is worth noting that this sharp recovery occurred after a major drop in the previous session, amidst positive global cues and sector buying that returned with a vengeance.
As of 12:30 PM IST, the Nifty 50 was trading close above the 24850 line gaining more than 260 points or 1.07%. The Sensex also showed a bullish bent climbing over 800 points and touching the neighborhood of 81780 levels.
The recovery was across the board as Nifty sectoral indices ended higher. Both the IT and FMCG sectors surged by around 1%. Other sectors like auto, banking, and financial services also contributed positively to the market rally.
This recovery is said to have come on the back of sane market dynamics from Asian equities and buying flows reasserting themselves after the heavy profit-booking yesterday. Notable lifts from the likes of ITC, and Infosys helped in taking major averages close to fresh highs.
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While there was a healthy intra-day upside in the markets, foreign flows, and US fiscal outlook remain near-the-money for prudent money managers. Key economic indicators will continue to reveal higher ground having more direction from global events.
