Markets Rebound on Strong Buying in Banking and Auto Stocks

The Sensex and Nifty recovered from early losses in late morning trade on Thursday, driven by strong buying in banking and auto stocks. Key gainers included Kotak Mahindra, HDFC Bank, and Reliance, helping the indices recover all early lost ground.

Despite Foreign Institutional Investors (FIIs) selling equities, the market bounced back, showing resilience. The US Federal Reserve’s recent rate cut had limited impact on Indian markets.

The 30-share BSE Sensex opened positively, rising 149.3 points to 84,540.57, while the Nifty 50 advanced 45.05 points to 25,803.05. Analysts noted that buying in financial and automobile sectors continues to drive market momentum.

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