India's benchmark Nifty rebounded on Monday after posting its longest weekly losing streak in 25 years, although the recovery offered little clarity on whether the market had found a floor or was merely seeing a temporary relief rally.
The Nifty gained around 1% during the session before paring some of its gains, while the Sensex climbed as much as 700 points. The rebound followed eight consecutive weeks of losses for the Nifty, during which the index shed about 8.7% since the decline began on August 16.
