29 Aug 2026, 07:25 AM 2 min readmarketsdeveloping
Sensex And Nifty Rebound Led By IT Stocks And Nvidia AI Surge
Stock Market Rebound:
Benchmark equity indices Sensex and Nifty rebounded strongly, snapping a two-day losing streak driven by aggressive value buying and positive momentum in blue-chip IT stocks. The 30-share BSE Sensex climbed 331 points to settle at 77,265 while broader indices recovered lost ground.
Global AI and Tech Rally:
The domestic market upswing drew strong cues from international technology rallies, sparked by robust quarterly earnings from Nvidia that propelled AI-related stocks and boosted Asian indices like Taiwan's TAIEX. Local technology giants benefited directly from positive demand outlooks across global supply chains.
Investor Sentiment:
Value buying across key sectors helped cushion domestic equities against previous losses as investors awaited further monetary policy cues from global central banks. Analysts expect selective buying to continue across large-cap IT and financial counters in upcoming trading sessions.
Pulse Intelligence
Context & ImpactContext & Background
- Indian benchmark indices recorded consecutive sessions of losses prior to the rebound due to cautious global sentiment.
- Global technology markets surged following stronger-than-expected earnings reports from major AI hardware and semiconductor firms.
Key Consequences
- Domestic IT sector stocks will experience sustained institutional interest following positive global demand projections.
- Market volatility may moderate as benchmark indices regain key technical support levels near current trading ranges.
Market & Economic Impact
Sensex and Nifty gained over 300 points, led by strong buying in heavyweight IT stocks and positive sentiment across Asian markets.
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