Indian markets rebound after seven-day decline amid mixed global cues

Indian equity markets broke a seven-day losing streak on November 19, with the Nifty closing at 23,518.50, up 64.70 points or 0.28 percent. The Sensex also saw a rise of 239.37 points, or 0.31 percent, to finish at 77,578.38.

The session experienced volatility, but there was buying interest in the auto, realty, and media sectors. Notable gainers on the Nifty included M&M, Trent, Tech Mahindra, HDFC Bank, and Eicher Motors, while SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer, and Hindalco were among the notable losers.

Sector performance varied, with media, auto, realty, IT, and pharma sectors rising between 0.5 to 2.5 percent, while metal, oil & gas, and PSU Bank sectors declined by 0.5 percent each. Additionally, BSE Midcap and Smallcap indices saw an increase of nearly 1 percent each. The market was closed on November 20 due to the Maharashtra Assembly polls, which contributed to the heightened activity observed prior to the break.

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