Indian stock markets witnessed a partial recovery on October 28 after heavy selling pressure dragged benchmark indices lower during early trade. The Sensex recovered around 400 points from its intraday low, while the Nifty 50 climbed back above the 22,600 mark.
The recovery was mainly driven by value buying at lower levels, as investors looked for opportunities in stocks that had declined sharply. Both indices had fallen by nearly 1.25% during the session before trimming their losses.
Foreign Investor Buying: Foreign Institutional Investors (FIIs) purchased Indian equities worth ₹4,240 crore on Tuesday, marking their biggest single-day net buying in nearly two months. However, Domestic Institutional Investors (DIIs) sold shares worth ₹1,250 crore.
Key Technical Level: Market analysts are closely watching the 22,500 level on the Nifty. According to analysts, a sustained fall below this level could increase bearish pressure, while holding above it may provide some stability to the market.
Despite the recovery, market breadth remained negative, with more stocks declining than advancing, indicating that selling pressure continued across several counters.
Conclusion: Value buying and renewed foreign investor interest helped markets recover from their intraday lows. However, elevated crude oil prices, global uncertainties and continued selling in several stocks remain key concerns for investors.
Indian stock markets mein October 28 ko early trade ke dauran heavy selling ke baad recovery dekhne ko mili. Sensex apne intraday low se lagbhag 400 points recover hua, jabki Nifty 50 dobara 22,600 ke level ke upar pahunch gaya.
Trading session ke dauran dono benchmark indices mein lagbhag 1.25% tak ki girawat aayi thi, lekin lower levels par buying aane se markets ne apne losses ko kam kiya.
Foreign Investor Buying: Foreign Institutional Investors (FIIs) ne Tuesday ko Indian equities mein ₹4,240 crore ki net buying ki. Yeh lagbhag do mahine mein unki sabse badi single-day buying rahi. Wahi, Domestic Institutional Investors (DIIs) ne ₹1,250 crore ki net selling ki.
Key Technical Level: Market analysts ki nazar Nifty ke 22,500 ke level par bani hui hai. Agar index is level ke neeche sustain karta hai, toh selling pressure badh sakta hai. Wahi, is level ke upar tikne se market ko stability mil sakti hai.
Halanki, market breadth negative rahi, yani girne wale stocks ki sankhya badhne wale stocks se zyada thi. Isse pata chalta hai ki kai stocks mein abhi bhi selling pressure bana hua hai.
Conclusion: Lower levels par value buying aur foreign investors ki buying se markets ko recovery mili. Lekin crude oil ki high prices, global uncertainties aur kai stocks mein selling abhi bhi market ke liye major concerns hain.