Recovery After Prolonged Decline

After a six-session downturn, India's benchmark indices rebounded, primarily driven by the financial sector. The Nifty 50 rose by 0.5% to 23,159.75, while the BSE Sensex increased by 0.47% to 76,533.79. This recovery was led by financial stocks, with

experiencing a significant uptick following the Reserve Bank of India's (RBI) decision to lift restrictions on issuing new credit cards and onboarding digital customers. Additionally, SBI Cards and Payment Services saw a substantial boost after receiving an upgrade from Macquarie. However, concerns persist due to higher-than-expected U.S. inflation data, which may influence foreign capital flows and affect the market's recovery trajectory