Sergio Gor Triggers Market Recovery, But FII Selling Risk Looms

• Indian benchmark indices recovered sharply after US Ambassador Sergio Gor's comments on a potential India-US trade deal.
• Metal index rose 1.5%, while Media and Realty indices fell 2% each; BSE Midcap and Smallcap indices gained 0.7%.
• Sensex traded up 0.15% at 83,702.49 and Nifty up 0.23% at 25,743.65 around 2 PM.
• Anuj Singhal of CNBC-Awaaz noted the recovery but warned that FII selling risk at upper levels persists.
• Nifty resistance is at 25,800-25,900, support at 24,500-25,600; Bank Nifty needs to close above 59,500 for confidence.

Why It Matters: Market recovered on trade deal hopes, but FII selling remains a significant risk at higher levels.