Tue Jan 28 15:59:04 UTC 2025: ## Indian Stock Market Rebounds After Massive Monday Crash
**MUMBAI, INDIA** – Indian stock markets staged a significant recovery on Tuesday, January 28, 2025, rebounding from a massive crash the previous day that wiped out ₹10 lakh crore (approximately $120 billion USD) in investor wealth. The BSE Sensex and NSE Nifty opened strongly in the green, indicating a positive shift in investor sentiment.
The Sensex surged over 300 points at the opening bell, while the Nifty 50 gained more than 100 points. Specifically, the Nifty 50 opened at 22,940.40, up 111.25 points (0.49%), and the Sensex opened at 75,747.03, up 380.86 points (0.51%). The GIFT Nifty, an indicator of the domestic indices, also saw a significant increase, trading at 22,935, up 125 points (0.55%).
Monday’s losses, attributed to a global market reaction to a new Chinese AI model (referred to as the “DeepSeek Effect”), saw the Nifty 50 close down 263.05 points (1.14%) and the Sensex fall 824.29 points (1.08%). This dramatic downturn resulted in substantial losses for investors. Nvidia was particularly impacted by the global market shift.
While the market showed a strong recovery at the open, the performance of individual stocks was mixed. Axis Bank, Bajaj Finance, Infosys, HDFC Bank, and ICICI Bank were among the top gainers on the Sensex, while Ultratech Cement, Powergrid, NTPC, M&M, and Sun Pharma experienced losses. Similar mixed results were observed in the Nifty 50.
The rebound comes as some relief after Monday’s significant losses, although the long-term impact of the “DeepSeek Effect” remains to be seen. The article also briefly mentions unrelated news about a PM Kisan installment payment to farmers.
First Piper 