Helped partially by the loosening of purse strings by FIIs, the Sensex has rallied over 7,000 points from its 52-week low of sub-51,000 level in mid-June to 58,000 plus level. Nifty has also bounced around 2,000 points from its mid-summer low after rallying nearly 9 per cent in July.
Global Market Today: Asia stocks rebound from tech selloff, Kospi jumps
Asian markets saw a cautious rebound Wednesday after a significant tech-led global selloff, reigniting worries about the AI rally’s sustainability. South Korea’s Kospi surged, led