Markets stage comeback: NIFTY50 and SENSEX recoup morning losses; Midcap 100 jumps 1200 points from lows

Domestic equity indices staged a sharp recovery during the mid-market session as the key benchmark and broader indices recouped major losses. The broader indices, like NIFTY midcap 100 and small-cap 100, jumped 500 points from the intraday lows of 15490.

Meanwhile, broader indices were also trading in red with the BSE Midcap index and Small-cap index falling in the range of 0.70-0.85%.

Market participants were cautious as U.S. Treasury yields rose after testimony from Federal Reserve Chair Jerome Powell raised some doubt about the path toward lower rates. Rising crude oil prices also weighed on domestic sentiments. Crude oil prices rose amid concerns over Russian and Iranian oil supply and sanctions threats despite worries that escalating trade tariffs could dampen global economic growth.

On the global front, Asian markets traded mostly in green as investors digested U.S. President Donald Trump’s tariff impact on regional economies. Back home, in the stock-specific development, Indo Count Industries surged after the company reported a healthy set of numbers for the December 2024 (Q3FY25) quarter.

The SENSEX recouped major losses to trade at 75121, down by 121 points or 0.22% after trading in a range of 75388.39 and 76409.27. The index had 10 stocks advancing and 20 stocks declining.

The NIFTY50 traded at 23,039.55, down by 19 points or 0.14% after trading in a range of 22798.35 and 23097.95. The index had 18 advancing stocks and 32 declining stocks.

Asian markets were trading mostly in green; Hang Seng advanced 325 points or 1.53% to 21,619.86, Jakarta Composite gained 42.82 points or 0.65% to 6,574.81, Shanghai Composite strengthened 0.96 points or 0.03% to 3,319.02, KOSPI increased 7.62 points or 0.3% to 2,546.67 and Nikkei 225 surged 104.46 points or 0.27% to 38,905.63. However, Straits Times fell 2.08 points or 0.05% to 3,858.68 and Taiwan Weighted lost 43.65 points or 0.19% to 23,340.40.