Sensex Rebounds 375+ Pts; Metals, Autos Lead Rally Despite IT Drag, Oil Surge

• Indian benchmark indices Sensex and Nifty 50 staged a strong rebound in late morning trade, reversing early losses.
• Sensex rose 375.82 points to 75,878.67, while Nifty 50 gained 123.80 points to 23,532.60.
• The rally was primarily driven by strong buying in metal, auto, and banking stocks, including Tata Steel, Mahindra & Mahindra, and ICICI Bank.
• IT stocks like Infosys, Tata Consultancy Services, and HCLTech remained under pressure due to global growth concerns.
• Global oil prices surged, with Brent crude over $102, amid West Asia tensions and Strait of Hormuz disruptions, posing inflation risks for India.