Sensex, Nifty Recover from Lows: Global Cues, Bank Stocks Drive Rebound

• Sensex and Nifty trimmed losses, closing lower for the second straight session but recovering from day's lows.
• Positive global cues from Asian markets (Kospi, Nikkei 225, SSE Composite, Hang Seng) and US markets supported the recovery.
• India VIX, the volatility index, declined by 0.05 percent to 10.02, indicating reduced market nervousness.
• Buying interest in private banks, led by ICICI Bank and Axis Bank, helped pare losses.
• Trump's negative rhetoric on US tariffs remains a concern for India's stock market, according to Vinod Nair.

Why It Matters: Indian markets recovered some losses driven by global optimism and banking sector buying, despite an overall decline.