Stock Market
Sensex jumps over 600 points, Nifty rallies as IT stocks lead market rebound
Mumbai/IBNS: India’s benchmark equity indices opened sharply higher on Wednesday, with the BSE Sensex climbing over 600 points and the NSE Nifty 50 rising nearly 200 points, signalling a strong rebound after the previous session’s selloff.
Soon after the opening bell, the Sensex gained around 400 points and extended its rally further, while the Nifty was up by 114 points at 9:17 am.
The recovery was largely driven by gains in information technology stocks, which led the market higher following heavy losses in the previous session.
Major IT players including Infosys, Tech Mahindra, HCLTech and Tata Consultancy Services were among the top gainers on the Sensex.
On the other hand, stocks such as State Bank of India, Bajaj Finance, Asian Paints and Maruti Suzuki were among the major laggards in early trade.
The rebound comes after technology stocks declined sharply on Tuesday amid concerns over potential disruptions from the growing influence of artificial intelligence, which had dragged the broader market lower.
Despite the recovery, market experts remain cautious, citing mixed global cues and continued range-bound movement, which has kept investor sentiment fragile.
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