Sensex, Nifty Surge: What’s Driving the Market’s Comeback?

Indian share markets rebounded on Thursday after six consecutive sessions of losses, driven by several key factors. The BSE Sensex climbed 450 points or 0.6% to 76,621, while the NSE Nifty advanced 139 points to 23,185 at 10:45 am. This recovery follows sharp intraday volatility on Wednesday, when both indices tumbled over 1% before paring most losses.

One major factor was the global optimism surrounding potential peace talks between the U.S. and Russia, which eased geopolitical tensions. Additionally, easing oil prices contributed to the market’s positive sentiment. India’s retail inflation also fell to a five-month low, boosting expectations of a Reserve Bank of India (RBI) rate cut.

Despite the late rebound, both indices had closed marginally lower for the sixth straight session. However, today’s recovery indicates a positive shift in investor sentiment, with most sectoral indices trading in the green.