New Delhi, April 18 -- The benchmark BSE Sensex turned positive for the year for the first time in three months on Thursday, April 17, going up 1,508.91 points during the day to close at 78,553.20. This means that the index is now 0.06% up from January 1.
After months of decline driven by foreign investor selling, weak earnings, and global headwinds, Indian markets have staged a strong recovery in recent sessions.
On Tuesday, the Sensex became the first major global index to recoup losses from Donald Trump's April 2 tariff announcement.
Banking stocks have powered the rebound, supported by cooling inflation, favorable monsoon forecasts, and prospects of deeper RBI rate cuts.
Additional momentum came from Trump's tariff relief on tech go...