Nifty Recovers From 1% Intraday Fall; IT Stocks Power Late Rally as TCS Jumps Over 5%
Indian equity markets staged an impressive recovery on Monday after opening sharply lower amid renewed geopolitical concerns in the Middle East. Benchmark indices erased most losses by the close, supported by a strong rally in IT stocks following positive developments at TCS and optimism around AI-related technology spending. The market demonstrated resilience despite rising oil prices and a weaker rupee.