Indian equity benchmarks staged an early recovery on Thursday, July 9, as the BSE Sensex and Nifty 50 opened higher.
The rally came as a direct response to the previous session’s sharp sell-off, which marked the steepest single-day decline for the indices in more than three months.
Traders sought to stabilize sentiment after the abrupt downturn, which had pushed the Sensex to close at ₹76,503.60 on Wednesday.
Despite the broader market rebound, the information technology sector lagged behind.
IT stocks faced continued selling pressure as investors positioned themselves ahead of Tata Consultancy Services’ (TCS) upcoming quarterly results.
The divergence highlights the sector-specific caution prevailing among traders, even as broader market indices attempted to regain footing.