: Indian equity indices, Sensex and Nifty, staged a comeback on Friday, buoyed by robust global trends and a surge in heavyweight stocks like Reliance Industries, ITC, and Bharti Airtel.

Despite persistent foreign fund outflows and a cautious stance among investors, the market witnessed a notable recovery from the previous day’s downturn, as indicated by traders.

The 30-share BSE Sensex, after a volatile session, closed with a gain of 260.30 points, or 0.36%, settling at 72,664.47. Throughout the trading session, the index surged by 542.37 points, or 0.74%, reaching an intraday high of 72,946.54.

The positive momentum was largely attributed to the rally in key heavyweight stocks, particularly Reliance Industries, ITC, and Bharti Airtel. These market leaders played a pivotal role in driving the indices higher, instilling confidence among investors amidst a supportive global backdrop.

While concerns over foreign fund outflows persist and investor sentiment remains cautious, the resilience exhibited by the market in bouncing back from recent declines signals underlying strength and resilience.

Market analysts suggest that the broader market sentiment continues to be influenced by global cues, with investors closely monitoring developments on the international front for cues regarding market direction and trends.

As the market navigates through ongoing challenges and uncertainties, investors remain watchful of both domestic and global factors, strategizing their positions accordingly to capitalize on emerging opportunities while mitigating risks.