•Dalal Street witnessed a significant reversal on Thursday, with Nifty recovering 550 points from its lows to end positive despite initial global headwinds.
•Initial trading saw GIFT Nifty down 500 points, oil at $110, Dow futures down 600 points, and the US Dollar index at 100, leading to a 500-point drop in Nifty.
•The rupee strengthened significantly, seeing its biggest single-day appreciation since 2013, after RBI measures, contributing to improved market sentiment.
•IT stocks were key drivers of Nifty's recovery, with all Nifty IT index stocks gaining, led by Coforge and LTIMindtree.
•Nifty Bank also contributed substantially, recovering over 1,500 points from its lows, with HDFC Bank and ICICI Bank leading the charge.
