India’s benchmark indices staged a strong intraday recovery on Tuesday, shaking off early jitters as smart investors scooped up undervalued stocks. The Sensex climbed back about 450 points from its session low of 84,382.96, while the Nifty pushed above 25,900 despite lingering in the red overall. By midday, Sensex stood at 84,858.62 (down 0.29%) and Nifty at 25,911.70 (down 0.19%).
3 Key Drivers Behind the Rebound:
- Falling Crude Oil Prices: Brent crude dipped 0.21% to $62.36/barrel, reducing pressure on India’s import costs and inflation fears, which lifted market mood.
- Bargain Hunting in Dips: After an initial plunge (Sensex -634 pts, Nifty -211 pts), value buyers stepped in, snapping up oversold stocks amid broad sectoral weakness.
- Mid & Small-Cap Recovery: Nifty Midcap100 and Smallcap100 erased sharp early losses (up to 4.5% and 14.9% drops), turning green and bolstering frontline indices.
Standouts included Titan, Shriram Finance, and ETERNAL (up ~2%), while Asian Paints and M&M lagged (down ~4%).
