Sensex soars 1,200 pts from day’s low despite FPI selling

Quick Summary:

This volatile session saw banking and metal stocks leading the rally, fueled by speculative buying and short covering.

The Sensex staged a remarkable recovery on Tuesday, surging nearly 700 points after plunging over 1,200 points earlier in the day.

Despite heavy selling by foreign investors, domestic funds provided crucial support, buoyed by positive domestic economic indicators.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaChina

Topics: Q2 GDP forecast FPI selling US presidential election Market volatility Speculative buying Banking and metal stocks Domestic funds buyers Sensex Business news

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 02:53:05 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 664 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 23436867

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