Stock Markets Bounce Back in Early Trade Led by Banking Stocks

Mumbai, Apr 10 (BNP): Indian equity markets opened on a strong note on Friday, recovering from previous losses as banking stocks led the upward movement. Support from positive global market trends also boosted investor sentiment.

The benchmark Sensex surged by over 600 points in early trading, reaching around 77,260, while the Nifty 50 advanced by more than 200 points to trade close to the 23,980 mark.

Gains were largely driven by heavyweight banking and financial stocks. Shares of major lenders and financial firms, including Axis Bank, State Bank of India, and ICICI Bank, saw notable buying interest. Financial services players like Bajaj Finance and Bajaj Finserv also contributed to the rally. Meanwhile, Asian Paints was among the other prominent gainers.

The upbeat trend reflects renewed confidence among investors, supported by encouraging signals from global markets and selective buying in key sectors, particularly banking.