Indian equities staged a sharp rebound on Friday, October 9, bringing an end to the Nifty 50 and Sensex’s eight-week losing streak, with buying across information technology (IT), FMCG, auto and financial stocks lifting benchmark indices.
The Nifty 50 gained 288.65 points, or 1.30%, to close at 22,520.45, while the Sensex advanced 879.09 points, or 1.23%, to settle at 72,472.33.