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Context
What happened: Indian equities staged a strong rebound on Tuesday, with the Sensex up over 1,100 points and the Nifty 50 closing above 22,720. GIFT Nifty signalled a muted opening for Wednesday, 14 October.
Key numbers: Sensex rose 1,109.10 points, or 1.54%, to 73,033.78. Nifty 50 rose 358.60 points, or 1.60%, to 22,721.95. GIFT Nifty traded near 22,765, down about 85 points.
Why it matters: Analysts cited improved momentum, with Nifty closing above its 13-day DEMA for the first time since 25 August 2026. Resistance is seen at 23,100 to 23,150, while support shifted to 22,580.