Even though the beginning of Thursday's trading session witnessed a downward trend, however by the end of the day, the numbers started to look much better, offering some relief to the investors. After the market opened on Thursday, around 10:30 am, the Sensex was down 451 points, while the Nifty had slipped 126 points. Signalling an ongoing uncertainty which was intensified by the results of 11:30 am, when the Sensex was down 288 points and the Nifty was lower by 81 points. The recovery continued through the afternoon. By 12:30 pm. Bringing both the indices to their previous close.
However, around 3 pm, positivity finally hit the market. The Sensex had turned positive, rising 311 points, while the Nifty was up by 92 points, marking a clear turnaround from the weak start.
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This is how the dramatic change in the country’s stock market situation unfolded on Thursday. Despite starting significantly lower than the previous close, both benchmark indices turned around as the day progressed.
At market close, the Sensex gained 222 points compared to the last closing, while the Nifty50 gained 76 points. As a result of this rise, the Sensex settled at 82,566 points and the Nifty50 at 25,419 points. Over the last three sessions of the week, the Sensex has gained 1.3 per cent and the Nifty50 has gained 1.5 per cent.
Broader market and sectoral performance
Although the Sensex and Nifty50 recovered from Thursday’s decline, mid-cap and small-cap indices failed to keep pace with the benchmark indices. The BSE Midcap 150 index emerged from losses and gained 0.10 per cent. However, the BSE 250 Small Cap index declined by 0.19 per cent.
Among sectoral indices, several key Nifty sectors such as Metal, Energy, Commodities, Capital Market, Oil and Gas, Bank, and Realty recorded significant gains. In contrast, sectoral indices including IT, Pharma, FMCG, Defence, and Auto ended the session in the red.
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Economic survey lifts market sentiment
The primary reason behind the market’s turnaround from negative to positive was the Economic Survey. Union Finance Minister Nirmala Sitharaman tabled the Economic Survey for the financial year 2025–26 in Parliament on Thursday, after which market sentiment began to improve.
The Economic Survey stated that India’s economy could grow at a rate of 7.4 per cent in the financial year 2026 (FY26). For the financial year 2027 (FY27), the GDP growth rate may moderate slightly and remain between 6.8 per cent and 7.2 per cent. The report also reflected optimism about the fundamentals of the Indian economy. As a result, Dalal Street staged a recovery despite continued volatility in global markets.
Commenting on the development, Vinod Nair, Research Head at Geojit Investment, said that global markets remain highly volatile amid rising geopolitical instability, which has put pressure on most indices. However, he added that the Economic Survey has instilled confidence among investors about the strength of the Indian economy. Even if growth moderates slightly in the coming financial year, it will remain ahead of many other economies, enabling the Sensex and Nifty50 to rebound from Thursday’s losses.
