Indian Stocks Rebound After Two-Day Slump Amid Value Buying

Indian stock markets rebounded on Friday after two days of decline, with the Sensex up 197 points and the Nifty up 63 points. Key gainers included Hindustan Unilever, Trent, and Asian Paints, while laggards included Mahindra & Mahindra, NTPC, and Infosys. The market decline over the past two days was 1,555.34 points, or 1.90%.

Indian stock markets rebounded on Friday after two days of decline, with the Sensex up 197 points and the Nifty up 63 points. The rebound was driven by value-buying at lower levels, following a two-day slump that saw the Sensex plunge 1,555.34 points, or 1.90%.

Key gainers in the Sensex included Hindustan Unilever, Trent, Asian Paints, ITC, Kotak Mahindra Bank, and UltraTech Cement. Meanwhile, Mahindra & Mahindra, NTPC, Eternal, and Infosys were among the laggards. The market decline was attributed to the US imposing a 50% tariff on Indian goods and continuous foreign fund outflows [1].

The rebound came as the US markets ended higher on Thursday, with global oil benchmark Brent crude declining 0.66% to $68.17 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,856.51 crore on Thursday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 6,920.34 crore [1].

The market's recovery was also influenced by the hope of resuming negotiations with the US on the proposed bilateral trade agreement (BTA). The government official stated that resolving the issue relating to the steep 50% tariff on Indian goods imposed by Washington will be key to striking the deal [1].

In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index quoted lower while Shanghai's SSE Composite index and Hong Kong's Hang Seng traded in positive territory [1].

The rebound in Indian stock markets was a welcome relief after a two-day downturn that saw investors lose nearly Rs 10 lakh crore. The market capitalisation of BSE-listed firms declined by Rs 9,69,740.79 crore to Rs 4,45,17,222.66 crore (USD 5.08 trillion) in two days [4].

References:
[1] https://money.rediff.com/news/market/stock-market-rebound-after-slump-sensex-nifty-up/32808320250829
[2] https://themachinemaker.com/news/valvoline-cummins-and-mahindra-forge-new-partnership-to-expand-lubricants-offering/
[3] https://www.thehindu.com/business/markets/stock-markets-rebound-in-early-trade-after-two-days-of-slump/article69987719.ece
[4] https://m.economictimes.com/markets/stocks/news/stock-market-investors-lose-nearly-rs-10-lakh-crore-in-2-days-of-sharp-fall-on-us-tariffs/articleshow/123565162.cms