Fuelled by rallies in FMCG, pharma and auto stocks, India’s markets have rebounded 20% from their March lows; the Sensex has added 5,178 points in the last 12 sessions or Rs 19 lakh crore of investor wealth. To be sure the sentiment at home has been boosted by a smart comeback in global markets; the Dow has surged a smart 27.57% from the low of 18,591 points it hit on March 23 while the Nikkei is up 15.46%.
Nifty50 closed higher at 9111.90 level, 363.15 points, or +4.15 per cent. Nifty Support : 8950 and 8850 Resistance : 9200 and 9400.
