Stories
Sensex Recovers 400 Points, Nifty Reclaims 22,650 Amidst Market Volatility
M
Moneycontrol•29-09-2026, 11:31
Sensex Recovers 400 Points, Nifty Reclaims 22,650 Amidst Market Volatility
- •Benchmark indices Sensex and Nifty pared losses due to value buying and other factors.
- •Sensex rose 400 points from its day's low, while Nifty traded above the 22,650-mark.
- •Key reasons for the market recovery included value buying at lower levels and an easing India VIX.
- •Analysts noted that the daily momentum indicator was in oversold territory, suggesting a potential brief pullback.
- •Technical analysis indicated that Nifty needed to decisively trade below 22,600 for further weakness, with oversold conditions possibly triggering a rebound.
Key Questions Answered
The markets pared their losses due to value buying at lower levels as stocks entered oversold territory, an easing of the India VIX volatility gauge from 14.77 to 14.04, and technical market levels holding steady.
The volatility gauge, India VIX, eased from 14.77 down to 14.04, which signaled a decrease in overall market nervousness.
Analysts noted that Nifty needs to trade decisively below 22,600 to trigger further weakness, while 22,800 serves as a key level to watch for potential upward recovery or sustained weak sentiment.
