Overview
- Indian stock markets rebounded on May 23, recovering nearly half of the losses from the previous session's plunge.
- The Sensex rose 769 points to close at 81,721, while the Nifty gained 243 points to end at 24,853, led by IT and FMCG sectors.
- Easing U.S. Treasury yields and hopes for a record Reserve Bank of India dividend bolstered investor sentiment.
- Global trade tensions, U.S. fiscal concerns, and Israel-Iran geopolitical risks remain key factors influencing market volatility.
- Despite the recovery, Indian indices posted a weekly decline, reflecting lingering uncertainties in global and domestic markets.