Indian markets rebounded in the holiday-shortened week ending August 14, breaking a six-week losing streak. Gains were led by small and mid-cap stocks, with healthcare, pharma, and auto sectors outperforming.
Indian Markets Rebound- Lifts Indian Markets
The Bombay Stock Exchange (BSE), headquartered in Mumbai and one of Asia’s oldest stock exchanges, reported a positive turnaround across large-cap, mid-cap, and small-cap indices after weeks of sustained selling. Sentiment was supported by favourable inflation data, currency stability, and easing global oil prices, while domestic institutions continued to provide strong liquidity support.
The BSE Sensex closed the week at 80,597.66, adding 739.87 points or 0.92 percent. Meanwhile, the Nifty50, managed by the National Stock Exchange of India (NSE) in Mumbai, advanced 268 points or 1.10 percent to settle at 24,631.30.
On the broader market front, the BSE Large-cap and Mid-cap indices each gained 1 percent, while the Small-cap index rose 0.4 percent. The rally was fueled by gains in select companies, even as foreign funds continued their selling streak.
Foreign Institutional Investors (FIIs) sold equities worth ₹10,172.64 crore during the week, marking the seventh consecutive week of outflows. In contrast, Domestic Institutional Investors (DIIs) extended their buying streak for the 17th week, purchasing equities worth ₹18,999.76 crore. For August to date, FIIs have offloaded ₹24,191.51 crore, while DIIs have absorbed the pressure with net inflows of ₹55,795.28 crore.
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Sectorally, healthcare and pharma stocks led the recovery, with the Nifty Healthcare Index and Nifty Pharma Index both rising 3.5 percent. The Nifty Auto Index gained 2.7 percent, and the Nifty PSU Bank Index advanced 2 percent. On the flip side, profit booking dragged the Nifty Consumer Durables and FMCG indices, which slipped 0.5 percent each.
In small-caps, Yatra Online emerged as the top performer, soaring 55 percent, followed by strong gains in HBL Power Systems, NMDC Steel, JM Financial, Rico Auto, EIH, and VST Tillers Tractors. Among the laggards were PG Electroplast, NIBE, Camlin Fine Sciences, Best Agrolife, Marksans Pharma, and Action Construction Equipment.
Market sentiment turned optimistic after the formation of reversal patterns on technical charts, with analysts pointing to key support zones at 24,500 for Nifty and 80,300 for Sensex. As long as benchmarks trade above these levels, momentum is expected to remain positive, with resistance levels eyed near 24,700–24,900 on Nifty and 80,900–81,800 on Sensex.
The rebound suggests that Indian equities are entering a consolidation phase with the potential for near-term recovery. However, the balance between continued FII selling and strong domestic inflows will remain a key factor in sustaining the uptrend.
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Indian Markets Rebound News
Indian Stock markets rebounded in the holiday-shortened week ending August 14, breaking a six-week losing streak.
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