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Stock Markets Recover After Early Losses, Nifty and Sensex Bounce Back
Stock markets bounced back after early losses, with Nifty and Sensex recovering on value buying amid cautious sentiment and FII outflows.
The Sensex and Nifty indices bounced back into positive territory after early losses on Thursday, marking a recovery after four days of consecutive declines. The BSE Sensex initially fell by 156.83 points to 84,949.98 and the NSE Nifty dropped 47 points to 25,938.95. However, value buying at lower levels helped both indices recover, with the Sensex climbing 146.52 points to 85,244.78, and the Nifty rising 36.70 points to 26,024.80. Despite the positive movement, market sentiment remains cautious due to persistent Foreign Institutional Investor (FII) outflows, a weakening rupee, and the looming policy decisions from the RBI and the Federal Reserve.