Stock Market Updates: Sensex Rebounds 600 Points From Day's Low, Nifty Below 25,500; PSU Banks Rise

Indian equity markets are expected to open lower on Friday

Sensex Today: Indian equity markets were staging a recovery on Friday afternoon, supported by buying in banking and metal counters after an early sell-off.

At 2:00 PM, the BSE Sensex was trading around 83,322, up 11 points or 0.01%, while the Nifty50 hovered at 25,481, down 28 points or 0.11%.

Adani Ports, ICICI Bank, BEL, Sun Pharma, M&M, Bajaj Finance, Power Grid, Kotak Mahindra Bank, and Tata Steel were among the key gainers helping the Sensex pare losses.

On the flip side, Bharti Airtel slumped 4% following a large block deal, while HCL Tech, Tech Mahindra, TCS, Tata Motors (PV), SBI, and Maruti Suzuki remained the major laggards.

In the broader markets, the Nifty MidCap index edged up 0.03%, while the Nifty SmallCap index pared most of its losses, trading 0.4% lower.

Among sectors, the Nifty Metal index led the recovery with a 0.8% gain, followed by the Nifty Bank index, which added 0.3%.

Global Cues

Asian markets traded in the red on Friday, mirroring overnight losses on Wall Street amid persistent concerns about stretched valuations in artificial intelligence stocks. Japan’s Nikkei 225 fell 1.38%, South Korea’s Kospi slipped 0.46%, and Australia’s S&P/ASX 200 was down 0.27%.

Overnight in the US, all major indices closed lower as investors turned cautious over expensive valuations in the AI sector. The S&P 500 declined 1.12%, the Nasdaq Composite dropped 1.90%, and the Dow Jones Industrial Average lost 0.84%.