Sensex recovers 850 points from day’s low, Nifty closes above 23,400. One big reason behind sharp market rebound!

Indian stock markets staged a strong comeback on Wednesday afternoon. This recovery followed earlier sharp declines. Media reports indicated the government plans to cut taxes and remove ownership caps on certain bonds. This news significantly boosted investor confidence. The Sensex and Nifty recovered most of their morning losses. Foreign investors remained net sellers of Indian equities.