Daijiworld Media Network – Mumbai

Mumbai, Apr 2: After a steep decline in the previous trading session, Indian equity markets made a strong comeback on Wednesday, with benchmark indices showing signs of recovery in early trade.

The BSE Sensex surged by over 400 points to reclaim the 59,800 marks, while the NSE Nifty climbed past the 17,600 level, driven by fresh buying in banking, IT, and auto stocks. Investors seemed optimistic following positive global cues and selective value-buying across sectors.

Experts attributed the bounce-back to bargain hunting after the sharp correction witnessed on Tuesday, where concerns over global economic conditions had triggered a widespread sell-off. Additionally, encouraging updates from international markets offered further support to domestic indices.

Prominent gainers in the early trade included HDFC Bank, Infosys, Tata Motors, and Reliance Industries, among others. However, market watchers advised caution, citing persistent volatility due to global uncertainties.

“The recovery is largely driven by short-term gains and opportunistic buying. Investors should remain vigilant and adopt a cautious approach as global factors continue to weigh on sentiment,” noted a senior market analyst.

Broader markets also displayed resilience, with the BSE Midcap and Smallcap indices showing healthy gains. Market participants will now be closely monitoring upcoming economic data releases and corporate earnings for further cues.