India equities rebound

The benchmark indices staged an extreme intraday reversal: the Sensex surged 1,850 points from the session low) and the Nifty climbed more than 450 points off its intraday trough, underlining the size of the rebound. (livemint.com) The relief rally was tied to political signals from Washington — U.S. President Donald Trump’s comments about de‑escalation in the Middle East reportedly eased war fears and triggered a sharp fall in oil prices). Sector action was uneven: large caps and metals led gains while auto, bank and FMCG stocks rose 0.5–1%), and media, oil & gas, pharma and realty underperformed during the session. (moneycontrol.com) Foreign flows remain a constraint — Foreign Institutional Investors have been net sellers this month with net FII selling of ₹56,883 crore month‑to‑date) even as reports put total FII exits in 2026 at about ₹1.04 lakh crore). Technicals show a tight range: multiple houses flagged support around 23,000) and near‑term resistance in the [23,350–23,500 band], with analysts saying a decisive break above ~23,450 would be needed for a larger relief move. (thehindubusinessline.com) Market internals remained mixed — observers described the rally as large‑cap led and broad‑based among frontweights) while midcaps were largely flat and smallcaps lagged, and the India VIX was tracking elevated around [~22–23] during the rebound. (moneycontrol.com) Traders and strategists warned volatility will likely persist given ongoing geopolitical headlines and continued foreign selling, with market commentary over the next sessions focusing on oil moves, FII flows and whether the Nifty can hold above the [23,000 support zone]. (news18.com)