Live: RIL, Sun Pharma help Nifty claw back above 24,000; all sectors in green | Closing Bell
Markets staged a strong rebound, snapping a three-day losing streak, with the Nifty reclaiming the 24,100 mark and the Sensex rallying over 650 points amid easing volatility, as reflected in a sharp drop in India VIX. The upmove was broad-based, with all sectoral indices ending in the green and broader markets outperforming the benchmarks. Pharma stocks led the charge, with Sun Pharma emerging as a top contributor, while IT stocks also saw a solid recovery, gaining over 2% after recent losses. Heatwave-driven demand boosted consumer durable stocks, adding further momentum to the rally. Among index movers, Sun Pharma, Tech Mahindra, and Jio Financial Services topped the gainers list, while Shriram Finance, Axis Bank, and BEL lagged despite the overall positive market sentiment.