Mumbai: The benchmark indices staged a rebound in early trade on Thursday, recovering ground after a sharp decline in the previous session, supported by foreign fund inflows and buying in large‑cap stocks. The 30‑share BSE Sensex rose 495.86 points to 76,998.54, while the 50‑share NSE Nifty gained 148.70 points to 24,025.

Among Sensex constituents, Eicher Motors, Sun Pharma, Bharti Airtel, Titan, ICICI Bank, Asian Paints, Reliance Industries and HDFC Bank were notable gainers. IT majors Infosys, Tata Consultancy Services, HCL Tech and Tech Mahindra underperformed the pack.

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Data showed Foreign Institutional Investors purchased equities worth Rs 1,962.80 crore on Wednesday, providing support to sentiment. Global cues were mixed: Brent crude traded 1.04% higher at USD 78.83 a barrel, while Asian markets saw rebounds in South Korea’s Kospi and Japan’s Nikkei 225, offset by declines in Shanghai and Hong Kong. US markets closed mostly lower on Wednesday.

“Geopolitics has again played spoilsport with the Indian market, which has been slowly strengthening,” said V K Vijayakumar, chief investment strategist at Geojit Investments.

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Vijayakumar added that Brent near USD 80 is manageable and would only become a severe risk if tensions pushed crude above USD 100 or disrupted shipping through the Strait of Hormuz—scenarios not currently reflected in futures.

On Wednesday, the Sensex had plunged 1,677.12 points (2.15%) to 76,503.60, while the Nifty fell 516.65 points (2.12%) to 23,882.05.

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