Sensex Surges Nearly 2,000 Points from Day's Low, Nifty Above 24,700; Airtel, FMCG Stocks Lead Strong Recovery

The Indian stock market witnessed a remarkable turnaround on Friday, with the Sensex climbing nearly 2,000 points from its lowest point of the day, and the Nifty moving above 24,700. This strong recovery was fueled by a sharp rally in Airtel and FMCG stocks, as investors regained confidence in the market.

At the close of the session, the Sensex surged by 1,900 points, finishing at 65,000, while the Nifty rose by over 500 points, ending the day above 24,700. The positive momentum was driven by strong buying activity in key sectors such as telecommunications, led by Airtel, and consumer goods, which saw a boost from major FMCG stocks.

Analysts pointed to a combination of factors behind the market rebound, including easing concerns over global economic conditions and expectations of strong corporate earnings. Investors seemed to be looking beyond short-term volatility and focusing on long-term growth prospects.

Among the top performers, Bharti Airtel witnessed a significant rise in its stock price, benefiting from positive sentiment in the telecom sector. FMCG giants like Hindustan Unilever and Dabur also saw strong buying interest, further driving the recovery.

The recovery comes after a day of volatile trading, which had seen the indices in the red for much of the morning, amid concerns over global economic slowdowns and domestic challenges. However, market sentiment shifted quickly, with buying support from both retail and institutional investors helping to lift the indices.

Experts remain cautious but optimistic, noting that the market's resilience in the face of global uncertainties is a positive sign. The recovery has injected a fresh wave of optimism into the market, with expectations of further gains in the coming days.