Indian equity markets extended their recovery on Thursday, with the BSE Sensex climbing 386 points to 77,309 and the Nifty 50 gaining 117 points to trade at 24,123.75.
The broad-based rally was fueled by a combination of falling crude oil prices and robust performance in the information technology sector, which provided the primary lift to the benchmark indices.
This session’s gains were supported by a dip in crude oil prices below $68 per barrel, which helped boost overall market sentiment and reduced input cost pressures for domestic industries.
The Nifty 50’s advance past the 24,100 level marks a decisive continuation of the recovery that began Wednesday, when the index first surged past the 24,000 mark after slipping below it the day prior.
This session’s gains were supported by a dip in crude oil prices below $68 per barrel, which helped boost overall market sentiment and reduced input cost pressures for domestic industries.
The IT sector emerged as the key driver of the day’s trading activity, with technology stocks leading the charge higher.
This sectoral strength, combined with the favorable energy price backdrop, allowed the market to hold firm in afternoon trade and build on the morning’s momentum.