Nifty's rebound not enough to allay Dalal Street fears

Indian equities saw a relief rally with the Nifty climbing 3.5% in two sessions, fueled by optimism over de-escalation in West Asia and softening crude prices. However, the Volatility Index (VIX) only eased a modest 7%, indicating traders are maintaining hedges due to uncertainty about the sustainability of the current peace and the market's bottom.