The Indian stock market staged a strong rebound on Friday, March 20, with the Sensex, Nifty 50, and Bank Nifty witnessing a relief rally after Thursday’s massive fall. But has the market bottomed out?
The Indian stock market ended the week on a positive note, with the Nifty closing above 23,100 and the Sensex gaining 326 points, driven by buying at lower levels due to the recent Middle East conflict.
Indian equity markets closed positively on March 20, with Sensex up 326 points and Nifty 50 gaining 112 points, led by IT sector gains, while the Rupee hit a record low of 92.71 per dollar.
The Sensex and Nifty 50 ended higher on Friday, driven by selective buying and positive news flows indicating de-escalation in the Middle East conflict.
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