Equity market witnessed a sharp rebound on Wednesday with Sensex climbing over 420 points and Nifty 50 reclaiming 26,000 mark as investor sentiment received a boost from favourable global cues, driven by hopes for a forthcoming rate cut by the US Federal Reserve and trade deal with the US, fresh foreign inflows and broad-based buying interest.

The benchmark indices traded near day’s high. Sensex traded 411.44 points or 0.49 per cent higher at 85,039.60 at 1.25 pm, and Nifty 50 soared by 140.65 points or 0.54 per cent to 26,076.85, nearing 26,100 mark. Nifty had earlier scaled over 26,200 level in September 2024.

The overall market breadth was strongly positive, reflecting broad-based buying across sectors. Out of 3,103 stocks traded on the National Stock Exchange at the time of writing,

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