Sensex, Nifty Rebound: Markets Recover Early Losses, Axis Bank Shines

• Indian equity benchmarks Sensex and Nifty recovered early losses to trade higher on Tuesday morning.
• The rebound was driven by a firm trend in global markets and buying interest in blue-chip bank stocks.
• Axis Bank surged over 4% after reporting a 4% growth in its December quarter net profit.
• Kotak Mahindra Bank, Mahindra & Mahindra, Maruti Suzuki, Hindustan Unilever, and ICICI Bank were among the laggards.
• Foreign institutional investors (FIIs) offloaded equities worth Rs 4,113.38 crore on Friday.

Why It Matters: Indian stock markets recovered from an early dip, with Axis Bank leading gains, despite FII outflows.