Sensex gains 260 points, or 0.36% at 72,664.47
Mumbai: After five consecutive days of declines, both the Sensex and the Nifty 50 rebounded into positive territory, with the Sensex closing 260 points, or 0.36 per cent, higher at 72,664.47, and the Nifty 50 finishing 98 points, or 0.44 per cent, up at 22,055.20.
Despite today’s uptick, the gains weren’t sufficient to offset the losses accumulated over the week. By week’s end, the Sensex and the Nifty 50 each registered around a 2 per cent decline, while the BSE Midcap and Smallcap indices experienced sharper drops of 3 per cent and 4 per cent, respectively.
Looking ahead, the volatility index is expected to remain elevated in the near term due to ongoing union elections and foreign investor sell-offs, which have impacted market sentiment. It’s advisable to maintain lighter positions and reduce exposure to mid and small cap companies.
