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Sensex Recovers 300 Points From Day Lows As PSU Bank Shares Rally And Nifty Nears 23100
M
Moneycontrol•19-10-2026, 10:46
Sensex Recovers 300 Points From Day Lows As PSU Bank Shares Rally And Nifty Nears 23100
- •Benchmark indices Sensex and Nifty recovered most of their early losses on Monday, driven by strong buying in PSU bank shares and fresh foreign fund inflows.
- •The BSE Sensex initially dropped 470.50 points to 74,318 before bouncing back to trade just 46.49 points lower at 74,682.78.
- •Foreign Institutional Investors turned buyers on Friday, purchasing equities worth Rs 1,165.92 crore after days of continuous selling.
- •Global factors including a 1.90 per cent decline in Brent crude to USD 107.8 per barrel and positive Asian market cues supported the market rebound.
Key Questions Answered
The market recovery was largely driven by robust buying in PSU bank shares, a fresh influx of foreign fund inflows, a decline in global brent crude prices, and firm global cues.
Foreign Institutional Investors shifted to buyers on Friday after a period of heavy selling, purchasing equities totaling Rs 1,165.92 crore.
Brent crude, the primary global oil benchmark, traded lower by 1.90 percent at USD 107.8 per barrel during the trading session.
