The turning point came on Friday, 9 October, when benchmarks staged a broad recovery by midday, reversing most of Thursday’s losses. Short-covering in banking and IT stocks drove the advance, with Sensex climbing 806 points (1.13%) to 72,399.32 and Nifty surging 261 points (1.18%) to 22,493.15. The breadth of recovery was evident, with the Nifty’s advance-decline ratio at 46:4 and over 2,100 stocks advancing on the BSE. ITC led the rally, rising 4.33%, while TCS jumped 3.71% after reporting a strong quarterly profit and crossing $3.1 billion in AI-related revenue. Eicher Motors, Apollo Hospitals, and Adani Ports also posted notable gains.
