Sensex rebounds and Nifty tops 23400 as rupee snaps back from record low—what next for markets

The rupee bounce is doing more than traders expect

Indian stocks snapped a four-day losing streak as Sensex rose 120 points and Nifty reclaimed the 23,400 mark. The rebound was supported by a stronger rupee and easing oil prices, even as geopolitical tensions linger. Midcap and smallcap stocks joined the rally, with Asian Paints among the standout performers. Traders now watch whether the momentum can hold.