CATCH ME UP
Sensex rallied 1,534 points to close at 74,315.61 on Thursday, while the Nifty climbed 374.65 points to 22,997.35.
Heavy buying in banking, IT and Reliance Industries shares helped drive the move, with the Sensex finishing at a three-week high.
Analysts and market reports pointed to easing crude oil prices, correcting bond yields and rupee stability as factors supporting the advance.
One analysis said weak global trends were offset by these domestic and sector-specific tailwinds, while another cited cooling U.S. bond yields and an ongoing sell-off in global AI stocks as part of the backdrop.
Why it mattersThe sharp rebound lifted Indian benchmarks and may signal improving investor sentiment despite weak global cues.
More context
Market commentary also noted that large-cap IT and private banking led the rebound, while mid-cap and small-cap shares saw selling pressure.
Jio Platforms announced an initial public offering expected to raise about Rs. 30,000 crore, with a price band of Rs. 1,065 to Rs. 1,119 per share.