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Volatile Session Ends Positive as Banks, Autos Drive Nifty Recovery

Indian markets witnessed a highly volatile session on Tuesday as a steep hike in H-1B visa fees kept investor sentiment cautious, prompting a flat-to-weak opening. Nifty initially faced selling pressure from the 25,250 zone and slipped to an intraday low of 25,100, where it found strong support. From there, the index staged a sharp recovery to touch the day’s high, reflecting strong buying interest at lower levels.

The rebound was primarily driven by strength in the banking pack, with Axis Bank, SBI, Bajaj Finance, and Kotak Bank emerging as the key contributors to Nifty’s gains. Metals and automobile stocks also lent support, adding momentum to the late-session rally. On the derivatives front, notable open interest build-up was observed in ASHOKLEY, MARUTI, ADANIGREEN, 360ONE, and MPHASIS, indicating heightened activity and positioning in these counters.

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