Sensex & Nifty Bounce Back: A Volatile Market Ends on a High Note
In a dramatic session on December 13, Indian equity indices showcased resilience, turning a volatile trading day into a remarkable recovery. After hitting significant lows in the first half of the day, the BSE Sensex and Nifty50 rebounded over 2% from their intraday lows, closing the day on a strong note. The rally was fueled by gains in auto, banking, telecom, and FMCG stocks.
Key Highlights of the Market Movement:
Recovery Led by Heavyweights
Both the Sensex and Nifty benefited from strategic buying in heavyweight stocks, contributing to a broad-based recovery across sectoral indices.Retail Inflation and Industrial Growth Boost
The recovery was bolstered by easing retail inflation and a significant industrial growth rate of 3.5% in October, marking a three-month high.Closing Numbers
- The Sensex surged by 843.16 points or 1.04%, ending at 82,133.12.
- The Nifty50 climbed by 219.60 points or 0.89%, closing at 24,768.30.
Intraday Market Dynamics:
The day began on a somber note, influenced by weak global cues. In the first half of the session, the Nifty50 dipped below 24,200, reflecting market apprehensions. However, the tide turned in the latter half, with buying activity intensifying across sectors, pushing indices into positive territory.
Weekly Performance:
Despite global uncertainties, the Indian market posted modest weekly gains:
- BSE Sensex added 0.7%.
- Nifty50 rose 0.4%.
Conclusion:
The session on December 13 exemplifies the resilience of the Indian stock market. With supportive domestic economic data and strategic sectoral growth, investors remain optimistic despite global challenges. This recovery underscores the importance of monitoring macroeconomic factors and identifying opportunities during market dips.