Home / Business and Economy / Markets Rebound After Sharp Correction
Markets Rebound After Sharp Correction
21 Feb
Summary
- Markets corrected sharply on Thursday due to profit booking and geopolitical concerns.
- Indian stock indices recovered modestly on Friday, led by specific sectors.
- Benchmarks ended the week with slight gains amidst mixed broader market performance.
Indian stock markets witnessed a sharp correction on Thursday, experiencing a broad-based profit booking session. The Sensex declined by nearly 1.5%, while the Nifty saw a fall of over 1.4%. This market movement was influenced by escalating geopolitical concerns and outflows from foreign institutional investors.
Following the downturn, market indices demonstrated a modest recovery on Friday. This rebound was primarily fueled by strong performances in sectors such as PSU banks, metals, and power stocks. These gains helped to partially offset the previous day's losses.
Over the entire week, benchmark indices concluded with marginal gains, ranging between 0.2% and 0.4%. In contrast, the broader market segments presented a mixed picture. Investors appeared to be balancing positive domestic economic sentiment with prevailing global uncertainties, leading to varied performance across different stocks.
