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Sensex rebounds 480 points as banking, auto stocks lead recovery
Indian stocks rebounded as banks and autos rallied; traders see volatility persisting before U.
Indian equities staged a mild rebound on Thursday after two days of profit-taking. The Sensex rose 480 points to 80,160 and Nifty added 132 to 24,310 driven by gains in HDFC Bank, SBI and Maruti Suzuki. Analysts said bargain-buying and short-covering lifted indices ahead of U.S. inflation data. Broader market breadth improved modestly while foreign investors turned small net buyers. Dealers expect volatility to stay elevated amid monthly derivative expiry and global risk cues. Traders are advised to monitor support near 24,100 and resistance around 24,450 for near-term direction.