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Market recovers as Sensex soars 964 points, Nifty at 24,346 at opening

  • Benchmark stock market indices rebounded sharply on Tuesday after crashing in the previous session
  • The S&P BSE Sensex was up 964.86 points at 79,724.26 at 9:16 am
  • The NSE Nifty50 jumped 290.60 points to trade at 24,346.20

06 Aug 2024

Market recovers as Sensex soars 964 points, Nifty at 24,346 at opening

Benchmark stock market indices rebounded sharply on Tuesday after crashing in the previous session. The S&P BSE Sensex was up 964.86 points at 79,724.26 at 9:16 am, while the NSE Nifty50 jumped 290.60 points to trade at 24,346.20.

The domestic stock market surged as Asian markets rebounded sharply. The broad-based recovery came after US central bank officials reassured investors, easing nerves following the previous session's brutal sell-off.

Some of the top gainers on the Nifty50 were Tata Motors, ONGC, L&T, Maruti, and Adani Ports. Investors should note that smallcap and midcap stocks also recovered sharply during the session, as volatility fell sharply.

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