On Thursday, India's benchmark indices bounced back from early losses, with the BSE Sensex closing 185 points (0.25%) higher at 73,319 and Nifty 50 rising 33 points (0.15%) to settle at 22,713. Earlier in the day, both indices had experienced a decline of up to 2.2%. The rupee's rebound spurred short covering as traders opted to avoid carrying positions into the extended weekend due to geopolitical uncertainties. This recovery comes despite a broader trend of weakness in global markets, particularly after comments from former President Donald Trump regarding the West Asia conflict, which dampened hopes for a swift resolution and contributed to an 8% surge in Brent crude oil prices to $109 per barrel. During the truncated trading week, the Sensex and Nifty recorded declines of 0.4% and 0.5%, respectively, marking the sixth consecutive week of losses. Additionally, the volatility index rose by 2.03% to 25.52, indicating ongoing market uncertainty. While overseas investors were net sellers of ₹9,931 crore, domestic institutions purchased shares worth ₹7,208 crore.