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The Sensex surges 900 points, while the Nifty climbs above the 22,500 mark, as markets stage a strong rebound. Market breadth remains positive, with India VIX falling 5% and the BSE advance-decline ratio standing at 2:1. Barring oil and gas, all sectoral indices trade in the green, led by auto, banking, FMCG and pharma stocks. Broad-based buying is evident across the market, with small- and midcap stocks rebounding after yesterday’s sharp selloff. IT stocks ignite amid reports of OpenAI slowing its revenue growth. Among Nifty 50 stocks, ITC, TCS and Apollo Hospitals are the top gainers, while BSE, Reliance Industries and JSW Steel are the top losers.
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