Sensex, Nifty recover losses on FTA hopes and rupee strength
after close1 source ↓written by the desknot a recommendation
- initially fell
- 449.11 points
- 81,088.59
- but later surged
- 303.62 points
- 81,841.32
- a low
- 24,932.55
The Indian equity markets rebounded sharply on Tuesday, recovering from early losses as optimism over a potential India-EU free trade agreement lifted sentiment. The Sensex initially fell by 449.11 points to 81,088.59, but later surged 303.62 points to 81,841.32. The Nifty also recovered from a low of 24,932.55 to 25,155.05, marking a nearly 700-point recovery from the day’s low.
This recovery reflects improved market sentiment driven by a firmer rupee and selective buying in frontline stocks, indicating potential for further gains if trade negotiations progress positively.
Not investment advice. For informational purposes only.