Sensex rebounds 700 points from intraday low, Nifty climbs above 24,190 factors behind the market recovery

Benchmark equity indices Sensex and Nifty recouped a significant portion of their early declines on Monday as investors stepped in to accumulate quality stocks at lower levels. The Nifty bounced back after testing the 24,000 mark during intraday trade, signalling strong buying interest and support around that level. The recovery gathered pace, with the Sensex trading at 77,580, up 700 points while the Nifty stood at 24,197, up by 190 points , after trimming a large part of the morning losses. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,