Indian benchmark indices rebounded on Wednesday as the Nifty 50 reclaimed the 24,100 mark and the Sensex surged over 600 points. Despite Brent crude soaring to $111 per barrel and the rupee hitting a record low of 94.81, a wave of strong Q4 earnings from heavyweights like Maruti Suzuki, Bandhan Bank, and CEAT fueled investor optimism. While West Asia tensions and the UAE’s exit from OPEC+ weighed on global sentiment, domestic buying by DIIs helped markets overcome persistent FII outflows.
