Sensex and Nifty Surged Amid Mixed Global Cues and Market Dynamics

The Indian stock markets, Sensex and Nifty, staged a recovery driven by gains in banking and auto sectors. Despite early losses, indices regained momentum influenced by firm performances of major companies and a rate cut by the US Federal Reserve. However, FIIs remained sellers in the market.

Markets took a positive turn as Sensex and Nifty recorded gains with contributions from banking and auto sectors, despite initial drops.

The US Federal Reserve's rate cut contributed to a stronger investor sentiment, but uncertainties remain with persistent FII selling and IP issues.

While some sectors showed promise, the broader market remains cautious amidst global and domestic economic pressures.

(With inputs from agencies.)