Sensex rebounds after rout, citing four specific reasons for recovery.
Context
What happened: Indian equity benchmarks recovered after a lower opening on Tuesday, with the Sensex surging over 650 points and Nifty rising nearly 200 points to surpass 22,550.
Key numbers: Sensex up over 650 points; Nifty up nearly 200 points, above 22,550; HCL Tech up more than 5% after Q2 results.
Why it matters: IT stocks led the rebound, with HCL Tech's gains tied to its Q2 results.
What changed
Indian equity benchmarks recovered after a lower opening on Tuesday, with the Sensex surging over 650 points and Nifty rising nearly 200 points to surpass 22,550.