Sensex rises by more than 700 points:Nifty also up 150 points with heavier buying in IT and banking shares

Indian stock markets made a strong comeback on Wednesday, October 21, following a holiday break. Sharp gains in banking, energy, and IT stocks pushed the benchmark indices significantly higher in morning trade. The 30-share BSE Sensex jumped over 800 points to trade near 74,400, while the broader NSE Nifty 50 gained about 200 points to trade at 23,050. Key Highlights of the Day: 1. Jio’s Mega IPO Opens for Subscription India’s largest-ever Initial Public Offering (IPO)—Jio—opens for public bidding today, October 21. Subscription Dates: October 21 to October 23 Issue Size: ₹30,188 crore Minimum Investment: ₹13,428 per lot Investor interest is expected to remain high throughout the three-day bidding window. 2. Sectoral Trends The market rally is being driven by strong buying across major sectors: Top Gainers: Banking, Energy, and Information Technology (IT) stocks are leading the momentum today. Global Market Cues Asian Markets Show Mixed Signals Asian equity markets displayed a mixed performance today, with South Korean stocks leading gains across the region. US Markets Closed Mixed on October 20 Wall Street posted a mixed finish in the previous session as investors weighed economic data and corporate earnings. Foreign Investors Sell ₹5,000+ Crore in 7 Days Foreign Institutional Investors (FIIs) continue to sell shares in the Indian market, while Domestic Institutional Investors (DIIs) continue to offer support through net purchases. (Figures in ₹ crore) Market Recap: Previous Session The Indian market had closed sharply lower on Monday, October 19, before remaining closed on Tuesday, October 20, for the Dussehra festival. Sensex (Oct 19): Fell 876 points to close at 73,853. Nifty (Oct 19): Dropped 257 points to close at 22,889. Today’s rebound recovers a significant portion of those losses.