After an initial dip, both benchmark indices rebounded sharply, with the Sensex surging 609.87 points to close at 74,340.09, while the Nifty 50 climbed 207.40 points to end at 22,544.70.
The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.
He questioned PM Modi on the worsening economic condition of the country after India's stock market has been witnessing a bloodbath over the past few trading sessions.
The BSE Sensex started the session 162.63 points higher at 73,152.56, while the Nifty 50 gained 52.85 points, opening at 22,135.50. Market breadth showed 30 Nifty companies advancing, while 20 declined, reflecting cautious optimism among investors.
Indian stock markets witnessed a continued selling spree on Tuesday as both benchmark indices opened in the red, reacting to global concerns over slowing economic growth in the US and the impact of new tariffs imposed by US President Donald Trump.
Indian stock markets started the fresh week on Monday with moderate gains, as both indices opened in the green; however, a sustained rally was not visible.
In absence of major domestic events next week starting from Monday, the investors in the Indian stock markets will watch trends of foreign sellings, developments around the US tariffs, geopolitical risks, and upcoming Purchasing Managers' Index (PMI) releases.