Sensex Jumps Over 500 Points, Nifty Reclaims 24,650 Despite Global Rout; Rally Extends To 7th Day

The domestic equity markets extended their recovery, November 6, with the Sensex jumping more than 500 points and the Nifty reclaiming the 24,650 mark, supported by strong buying in heavyweight IT, automobile and banking stocks despite global market crash. However, the rally remained uneven, as persistent selling in midcap and smallcap stocks indicated that investors were still cautious after the recent six-session surge.The domestic market staged a sharp turnaround from its early weakness, shrugging off a massive overnight sell-off on Wall Street and heavy losses across Asian markets. Buying in select large-cap stocks, particularly information technology shares, helped the frontline indices move higher. n18oc_india