The BSE benchmark posted a gain of 500 points in early trade, signalling a recovery from the sustained decline seen over the past seven trading sessions. At present, the BSE index has gained 518.04 points, or 0.67 per cent, to trade at 77,427.72.
The NSE index also remained firmly in positive territory. It has advanced 130.05 points, or 0.54 per cent, and is currently trading at 24,208.35.
The recovery in Indian equities came amid positive trends across international markets. Softer US bond yields also supported the turnaround in the domestic stock market after the recent seven-day decline.
Asian markets also continued to show improvement during Thursday's trading session. Except for Singapore, Asian stock markets were witnessing gains. Markets in Hong Kong, Japan, Thailand, Jakarta, Shanghai in China, South Korea's KOSPI and Taiwan were also showing a positive trend.
The broad-based improvement across Asian markets, along with easing US bond yields and positive international sentiment, helped Indian benchmark indices recover at the start of Thursday's trading session.
The rebound marks a pause in the market's seven-day downward run, with both the BSE and NSE indices recording gains in early trade.
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