Markets Snap 3-Day Fall: Auto, Metal, Financials Rally on Fed Rate Cut

• Indian equity indices snapped a three-day losing streak, with Nifty closing at 25,898.55 and Sensex up 0.51%, boosted by positive global cues following the US Fed's interest rate cut.
• Auto, metal, and financial sectors led the market rally, with all sectoral indices ending in the green, and both midcap and smallcap indices also recording gains.
• Kotak Mahindra Bank, Tata Steel, and Jio Financial were among Nifty's top gainers, while Bharti Airtel and Asian Paints saw declines.
• Experts caution that a sustained move above Nifty's 20-DEMA (around 25,950) is essential for further recovery, with banking and IT crucial for market direction.
• Technical analysis shows Nifty faced resistance at 21EMA; 25,700 acts as support, and market sentiment may remain cautious unless Nifty moves above 26,000.

Why It Matters: Indian markets rebounded due to global cues, affecting investment strategies.