Tue Jan 07 09:00:38 UTC 2025: ## Indian Markets Rebound After Monday’s Crash
**Mumbai, India** – Indian stock markets staged a significant recovery on Tuesday, rebounding sharply from Monday’s sharp decline. The Sensex and Nifty indices opened strongly, climbing over 300 and 150 points respectively in early trading. While gains were slightly pared back throughout the morning, both indices remained firmly in positive territory. At 10:41 AM, the Sensex was up 282 points at approximately 78,250, and the Nifty had gained over 100 points, reaching 23,730.60.
Several blue-chip stocks like Titan, Reliance Industries, Asian Paint, Adani Ports, and ICICI Bank led the gains, offsetting losses from laggards such as Zomato, TCS, HCL Tech, Tech M, and HDFC Bank. Broader market indices also performed well, with the Nifty Microcap 250 index leading the charge with a 1.60% increase. The Nifty Oil & Gas and Midsmall Healthcare sectors also saw significant rallies.
Monday’s sell-off was attributed to foreign portfolio investor (FPI) selling, concerns over the HMPV virus, and a general dampening of investor confidence. FIIs offloaded Indian equities worth Rs 2,575.06 crore on Monday.
Despite the rupee depreciating 7 paise against the US dollar to 85.75 in early trade, influenced by a strong dollar and continued FPI outflows, the recovery in domestic equities and easing crude oil prices (Brent crude down 0.14% to $76.19 per barrel) offered some support.
While Asian markets showed a mixed performance, with Seoul and Tokyo trading higher and Shanghai and Hong Kong lower, US markets closed positively on Monday. The resilience of the Indian markets suggests a possible turning of the tide, although continued FPI activity will remain a key factor to watch.
First Piper 