•Indian stock market rebounded strongly, with Sensex gaining 640 points and Nifty rising 234 points, breaking a two-day losing streak.
•Banking stocks like ICICI Bank, Axis Bank, and Mahindra & Mahindra led the rally, pushing the Nifty Bank index up by 931 points.
•Midcap and smallcap shares also saw significant buying, with the Midcap Index jumping 912 points and a 4:1 advance-decline ratio on NSE.
•Company-specific news boosted stocks: Dixon Tech (12% up on FDI), Happiest Minds (17% up on growth estimate), Redington (11% up on Apple India production).
•Rupee strengthened against the dollar; fertilizer stocks rallied; Polycab and KEI Industries declined.
