Bajaj Finance

In a dramatic turnaround, the Indian stock markets experienced a strong rebound on Tuesday, following the worst slump in 10 months. The BSE Sensex surged by 1,089.18 points, or 1.49%, to close at 74,227.08, after investors jumped on opportunities for value buying. The NSE Nifty also posted significant gains, rising by 374.25 points, or 1.69%, settling at 22,535.85. This recovery came after a tumultuous day on Monday, when markets suffered a steep decline due to growing recession concerns linked to the US-China trade war and global economic instability.

The Indian stock market experienced a significant downturn last week, with the combined market valuation of nine of the top-10 most valued firms witnessing a substantial loss of Rs 2.94 lakh crore. Tata Consultancy Services (TCS) bore the brunt of the bearish trend, as domestic equities took a severe hit. The Sensex and Nifty indices plummeted by over 2.5%, contributing to the widespread market erosion. While most companies in the top-10 ranking saw substantial valuation drops, Bharti Airtel emerged as the lone gainer in an otherwise grim week for investors.