Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points

Sensex surges 2.54% to 79,000 level driven by value buying, domestic investors, and strong U.S. markets, all 30 firms green.

Benchmark equity indices rebounded sharply on Friday (November 22, 2024), with the Sensex climbing 2.54% to reclaim the 79,000 level, driven by across-the-board rally and value buying at lower levels.

Strong buying by domestic institutional investors and a firm trend in the U.S. markets also helped the indices, traders said.

The BSE benchmark Sensex jumped 1,961.32 points or 2.54% to settle at 79,117.11. During the day, it surged 2,062.4 points or 2.67% to 79,218.19.

The NSE Nifty soared 557.35 points or 2.39% to 23,907.25.

All the 30 Sensex firms ended in the green.

Hectic buying in blue chip counters like Reliance Industries, IT and teck shares boosted market sentiment.

State Bank of India, Tata Consultancy Services, Titan, ITC, Infosys, Larsen & Toubro, Reliance Industries and Bajaj Finance were the biggest gainers.