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Sensex Recovers Sharply From Day’s Low, Nifty Reclaims 24,050 Amid Dip Buying and Banking Support

Sensex Recovers Sharply From Day’s Low, Nifty Reclaims 24,050 Amid Dip Buying and Banking Support

Indian markets staged a solid intraday recovery on 28 April 2026, as the Sensex bounced nearly 450 points from the day’s low and the Nifty moved back above 24,050–24,150 levels after a weak opening. Early losses were triggered by elevated crude oil prices and cautious global sentiment.

The biggest reason behind the recovery was strong value buying at lower levels, with investors stepping in after the recent correction. Banking and select heavyweight stocks helped the benchmark indices pare losses and briefly turn positive during the session.

Another key support came from hopes that geopolitical tensions may not escalate immediately, even though crude remains elevated near $108–$109 per barrel. This helped reduce panic selling pressure compared with last week’s sharp fall.

However, analysts remain cautious because rising oil prices, weak rupee sentiment, and pressure on banking stocks can still keep volatility high in the near term.

Do you think this recovery above 24,050 is the start of a fresh rally, or just a temporary bounce before another dip?

This news is for information only and is not investment advice. Please do your own research before making investment decisions.