Indian Stock Markets Rally on Dhanteras, Sensex Nears 80,000

Indian stock markets staged a sharp recovery on Dhanteras, with the Sensex surging over 600 points to trade near 80,000 and the Nifty gaining more than 100 points to around 24,600, despite a weak opening influenced by Asian market declines. The recovery came amid global turmoil, as US markets crashed with the Nasdaq falling 5.5 percent, erasing $2.5 trillion in value following Democratic wins in midterm elections and AI sector losses. Gold and silver futures also plunged, with silver dropping over 2,800 rupees per kilogram and gold falling more than 2,000 rupees per 10 grams. The contrasting performance highlights the Indian economy's resilience against global volatility, though analysts expect international factors to continue influencing local financial policies and precious metal buying in the near term.