Stock Market Rebounds: Sensex Jumps 850 Points from Day's Low; 4 Key Reasons
Business
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Moneycontrol•29-01-2026, 14:16
Stock Market Rebounds: Sensex Jumps 850 Points from Day's Low; 4 Key Reasons
- •Indian stock markets saw a strong recovery on Thursday, January 29, with the Sensex surging 850 points from its day's low and Nifty climbing above 25,400.
- •The Economic Survey 2025-26, presented in Parliament, projected India's GDP growth at 7.4% for FY27 and hinted at a US trade deal, boosting investor confidence.
- •Increased volatility due to Sensex F&O expiry and the return of Foreign Institutional Investors (FIIs) as net buyers after 15 days significantly contributed to the rally.
- •A record rally in metal stocks, driven by rising global metal prices, a weaker dollar, and geopolitical risks, also fueled the market's upward movement.
- •Hindustan Copper shares surged by about 17% to a new all-time high, leading the Nifty Metal index to a record high for the third consecutive day.
Why It Matters: Indian stock market rebounded sharply due to positive economic outlook, FII return, F&O expiry, and metal stock rally.
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