Markets rebound: Sensex gains 260 pts, Nifty above 24,600

The Indian benchmark indices rebounded and ended in the green on Wednesday,with support from firm global markets and buying in most sectors except realty; Nifty reclaimed the 24,600 level.At close, the Sensex was up 260.74 points or 0.32 percent at 80,998.25, and the Nifty was up 77.70 points or 0.32 percent at 24,620.20.

Eternal, Jio Financial, Bharti Airtel, IndusInd Bank, Reliance Industries were top gainers on the Nifty, while losers included Trent, Bajaj Finserv, Shriram Finance, TCS, Axis Bank.On the sectoral front, BSE Realty index was down 0.7 percent, while telecom, metal, oil & gas indices added 0.5-1 percent.BSE Midcap and Smallcap indices rose 0.5 percent each.

On 4 June'25,the Indian rupee depreciated for the second consecutive session and settled for the day lower by 29 paise at 85.90 against the US dollar on Wednesday, dragged down by risk-averse sentiments and foreign fund outflows.

Forex traders reportedly stated the local unit remained under pressure on geopolitical tensions between Russia-Ukraine and elevated crude oil prices.Moreover, investors are also awaiting cues from the Reserve Bank's monetary policy announcements, they said.

Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,the domestic market traded in a narrow range with a mildly positive bias, supported by favourable global cues such as strong U.S. job data and signs of easing U.S.-China trade tensions.Mid- and small-cap stocks outperformed, driven by better than estimated earnings growth and moderation in valuation.Investors are now focused on the RBI policy meeting starting today, with expectations of a rate cut and clarity on the future growth & inflation forecast.

Market experts recommended five shares to buy -Deepak Frtlsrs and Ptrchmcls Corp, Authum Investment & Infrastructure, GE Vernova T&D India, Signatureglobal (India), and India Cements.