Markets Attempt Cautious Rebound After Budget Shock; Sensex Up 220 Pts, Nifty Above 24,850

• Indian benchmark indices, Sensex and Nifty, opened moderately higher on Monday, attempting a rebound after Sunday's Budget-day sell-off.
• The sell-off was triggered by a sharp increase in Securities Transaction Tax (STT) on equity F&O trades announced in the Budget.
• Despite the rebound, market breadth remained negative, and volatility stayed elevated, indicating lingering investor caution.
• Nifty remains vulnerable below the 25,000 mark, with 24,650-24,700 identified as a crucial near-term support area.
• Infrastructure, energy, and metal stocks led early gains, while autos, FMCG, and healthcare sectors faced pressure.

Why It Matters: Markets show a cautious rebound post-Budget STT hike, but volatility and investor caution persist.