Stock markets stage strong rebound after four days of slump; Sensex rallies 599 points
8 months, 3 weeks ago

Stock markets stage strong rebound after four days of slump; Sensex rallies 599 points

The Hindu  

Stock markets rebounded from early lows to close higher on April 19, snapping the four-day losing streak on heavy value buying in banking and auto shares. The index opened lower and tanked further 672.53 points or 0.92% to hit a low of 71,816.46 in early trade. "Despite global weakness, Indian markets staged a strong recovery driven by large-cap stocks, buoyed by the expectation of limited prospects of escalation following Israel's action against Iran. However, fragility persists with elevated oil prices, posing inflation risks," said Vinod Nair, Head of Research, Geojit Financial Services.

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