Sensex rebounded nearly 150 points, helped by strong L&T earnings and global cues.
Nifty closed above 24,880, with infra and banking stocks showing strength.
14 of 16 sectors ended in the green; FMCG and Auto showed mixed trends.
Tata Motors dropped 3.5% after reports of a possible $4.5 billion Iveco buyout.
Analysts flagged risks of rising debt on Tata’s balance sheet if deal finalizes
.
Mid-cap index was flat small-caps gained just 0.2% amid cautious optimism.
FIIs remained net sellers for the third day this week, pulling down momen
tum.
Investors await the U.S. Fed policy outcome and key Q1 results from HUL and B
harti Airtel.
India VIX dropped 1.1%, showing reduced near-term volatility fear.