Indian equity markets rebounded strongly as investors returned to banking and information technology stocks following positive global cues. The Sensex closed with healthy gains while the Nifty reclaimed key resistance levels, supported by buying in heavyweight financial and technology counters. Improved global sentiment after softer inflation expectations in the U.S. also boosted investor confidence.
Market experts said domestic institutional investors continued to provide stability despite mixed foreign institutional investor (FII) activity. Traders are now shifting their attention to the ongoing quarterly earnings season, which is expected to drive stock-specific movements over the coming weeks. Analysts believe the broader market could remain positive if corporate earnings meet expectations and global crude prices remain under control.
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