Live: Nifty recovers 100 pts from day's low; Oil at $96, rupee back above 94/$ | Closing Bell

Core Development: Live: Nifty recovers 100 pts from day's low; Oil at $96, rupee back above 94/$ | Closing Bell

Market & Financial Impact: Catch all the closing action on Dalal Street as the market staged a recovery from the day’s low. The Nifty bounced back by over 100 points to move back above the 25,000 mark, while the Sensex recovered more than 400 points from its lows, even as market breadth stayed negative with declines outpacing advances. On the sector front, pharma stocks cheered strong Q2 results, with Divi’s Lab and Laurus Lab hitting fresh record highs. The Bank Nifty outperformed led by HDFC Bank and ICICI Bank, and the PSU banking index surged 3% on the back of SBI. IT stocks stayed under pressure, weighed down by TCS, Infosys and HCL Tech. On the global front, Brent crude hovered around $96 per barrel and the rupee traded near 94 against the dollar. Among Nifty 50 stocks, SBI, HDFC Bank and L&T were the top gainers, while HCL Tech, Tata Steel and UltraTech Cement were the top losers. Stay tuned for expert views, stock-specific action and everything you need to know before session.

Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.