Stock markets made a strong comeback on Thursday after a sharp fall earlier in the session, driven by buying in IT stocks. The BSE Sensex closed at 58,009.41, up 126.31 points or 0.22%, while the NSE Nifty stood at 22,713.10, gaining 33.70 points or 0.15%.
The recovery came after both indices slipped significantly in early trade amid weak global cues, but investors quickly stepped in to buy beaten-down IT stocks, triggering a strong comeback.
Heavyweights like Infosys, TCS, HCL Tech and Tech Mahindra saw solid gains of up to 3%, leading the rebound. Select large-cap names such as HDFC Bank, Bajaj Finance, ITC and Maruti Suzuki also added to the momentum.
However, the recovery wasn't uniform across the board, with several heavyweight stocks remaining under pressure, limiting sharper gains in the indices.
Globally, the mood stayed cautious, with Asian markets ending lower and European indices trading in the red, signalling continued uncertainty amid the ongoing conflict in West Asia.
