The Indian stock market saw a positive reversal today, with both major indices—the Sensex and Nifty—recovering from a week-long downtrend. The Sensex surged by 239.37 points, closing at 77,578.38, while the Nifty rose by 64.70 points to finish at 23,518.50. This marks the end of a four-day slump for the Sensex.
The session saw significant gains in sectors led by Mahindra & Mahindra, Tech Mahindra, and HDFC Bank, while heavyweights like Reliance Industries, Tata Steel, and Bajaj Finserv pulled back. Despite this rebound, foreign investors continued to withdraw funds, with a notable Rs 23,913 crore pulled from the Indian equities market in November alone.
Overall, the market's rally was supported by selective sectoral strength, though concerns about foreign investor sentiment linger, given the heavy outflows in recent months. The Nifty’s successful rise above the 23,500 mark and the Sensex’s recovery reflect cautious optimism amid ongoing geopolitical tensions and domestic market condition.
