The Indian stock market on Thursday opened in the green, rebounding 500 points from the previous day’s losses, while the Nifty gained 164 points in early trade despite a sharp fall on Wednesday. The benchmark BSE Sensex rebounded sharply in early trade on Thursday, gaining 493.38 points, or 0.64 per cent, to 76,996.98 at 9:33 am.
The NSE Nifty 50 also staged a strong rebound, rising 164 points or approximately 0.69 per cent to 24,046.35 as of 9:51 am IST, recovering some of the losses suffered in the previous session.
The index opened with cautious optimism among investors but gained sharply after the opening bell.
This recovery came a day after the two benchmarks witnessed a steep fall, with investors dumping their holdings on Wednesday.
However, investor confidence returned to the market on Thursday despite ongoing military exchanges between Iran and the United States.
Even though the market is trading higher in India, a contrasting picture is seen in other Asian markets.
Australian shares were poised for a weaker open on Thursday, with mining stocks expected to come under pressure after renewed US-Iran tensions dampened global investor sentiment.
Investors remain cautious after US President Donald Trump reportedly told reporters at the NATO Summit in Turkiye that the peace memorandum between Iran and the United States is over, raising fresh uncertainty and geopolitical instability.
Its benchmark S&P/ASX futures fell 0.6 per cent, losing nearly 79 points in early trade. It has already come down by 0.7 per cent over the past three trading sessions.
Also read: Rupee drops 6 paise against US dollar in early trade
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