Market Recovers Partially, Led by Auto and Finance Stocks

After a challenging fortnight that saw the Indian markets tumble by 4-5 per cent, the benchmarks staged a partial recovery at the start of the new year. The BSE Sensex surged 1.51 per cent, while the Nifty 50 index climbed 1.77 per cent during the fortnight. A key driver of this rebound was the upbeat performance of the global markets, which infused optimism into Indian equities. American and European stock futures rallied following a year-end selloff, as traders returned after the New Year’s break.