Wed Jan 29 11:07:53 UTC 2025: **Indian Markets Rebound, but Volatility Remains as Nifty, Sensex Still Down from Record Highs**

**Mumbai, India – November 29, 2024** – Indian stock markets staged a significant rebound today, with the Sensex gaining 302 points (0.4%) to close at 76,203 and the Nifty climbing 106 points (0.5%) to reach 23,064. The rally, driven by IT stocks and spurred by positive US market trends, saw broader indices like the BSE Midcap and BSE Smallcap indices also jump by 2%. Nifty Bank also extended its gains, fueled by the Reserve Bank of India’s (RBI) liquidity injection measures aimed at easing a recent cash crunch. These measures are seen as potentially paving the way for a rate cut next month.

Despite the positive close, both the Sensex and Nifty remain significantly below their September 2024 record highs, down 12%. The Nifty Midcap and Smallcap indices are also down 9.1% and 14.71% year-to-date respectively. Experts attribute this correction to valuations reverting to the mean, a healthy market adjustment.

While IT and financial services sectors led the gains, Nifty FMCG bucked the trend, slipping nearly 1%. The rebound follows a large drop in US tech stocks, including a significant recovery by Nvidia, which experienced the largest single-session loss for any company in history yesterday.

Analysts remain cautious, noting continued market volatility, particularly affecting small and mid-cap stocks. Sameet Chavan, Head of Research at Angel One, highlighted key support and resistance levels for the Nifty 50, emphasizing the need for traders to remain vigilant.

The report also notes the upcoming Traders Gurukul’s BOTS (India’s Largest Regional Retail Option Traders Summit), held on the 2nd or 3rd Sunday of each month across major Indian cities, highlighting improved user navigation and revenue generation opportunities for brokers.

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