Sensex Soars Over 870 Points on 8 April, Rebounds Strongly After Global Boost
Table of Contents
After a sharp sell-off on 7 April, the BSE Sensex staged a powerful comeback on 8 April 2025, closing at 74,013.73, up +875.83 points (1.20%). The rebound was driven by a broad-based global rally, positive cues from GIFT Nifty, and short-covering in key large-cap stocks.
- Opening: 74,013.73
- Day’s High: 74,013.73
- Previous Close: 73,137.90
- Day’s Low: 74,013.73
- 52-Week High: 85,978.25
- 52-Week Low: 70,234.43
Why Did Sensex Rebound So Strongly?
The market rally was fueled by a perfect storm of positive catalysts:
- GIFT Nifty Futures surged +1.51%, indicating a strong opening.
- Nikkei 225 rallied +5.64%, while Hang Seng gained +2.05%, improving Asian investor sentiment.
- US futures and European pre-market cues turned mildly bullish overnight.
- Heavy short-covering in sectors like banking, IT, and autos drove intraday momentum.
Sectoral Movers
Top gainers across sectors included:
- IT: Rebounded after tech-led global recovery.
- Banking & Financials: Strong FII inflows and easing bond yields aided momentum.
- Auto & Infra: Benefited from recovery plays and macro optimism.
- Pharma & FMCG: Slightly underperformed in risk-on sentiment.
Technical Levels and Market Outlook
- Support Levels: 73,200 / 72,750
- Resistance Levels: 74,400 / 74,900
- Market Bias: Short-term bullish with likely consolidation ahead
Expert Take
“The Sensex comeback confirms that Monday’s fall was overdone. We expect continued momentum as long as global sentiment remains supportive,” said Aditya Rao, Market Strategist at JKM Securities.
“However, traders should watch out for profit booking above 74,500 and geopolitical updates that may hit overnight sentiment.”
The Sensex closed above the 74,000 mark, marking a sharp V-shaped recovery on 8 April 2025. With broad global support, strong GIFT Nifty cues, and positive institutional flows, India’s benchmark index regained investor confidence. However, volatility may persist, and sustainability at higher levels will remain the key focus going into midweek trading.
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