Benchmark indices Sensex and Nifty have rebounded after a five-day losing streak, with a rise of over 1% as market sentiment improves ahead of Diwali.
The rally was fueled by strong buying interest in financials, realty, and oil & gas sectors. Despite a challenging week marked by foreign selling and mixed corporate earnings, the markets showed resilience at the start of the festive week.
As of 12:45 PM, the Sensex surged approximately 1,000 points, or 1.26%, reaching 80,387.41, while the Nifty climbed by 257.20 points, or 1.07%, to 24,439.25. Mid and small-cap stocks also experienced an upward trend, reflecting a broader recovery in investor confidence on Dalal Street.