Markets witnessed a strong rebound on Wednesday, gaining nearly a percent and recovering most of the previous session’s losses. From a technical standpoint, the Nifty has largely retraced its previous decline, while Bank Nifty has completely engulfed the previous session’s dip. The outperformance of banking stocks and the rebound from a crucial support zone reinforce the strength of the prevailing uptrend.
In today's trade, shares of LIC, IRFC, Cummins India, Tata Motors PV, ONGC among others will be in focus due to various news developments.