Benchmark indices Nifty and Sensex rebounded on November 22, recovering from a previous selloff influenced by Adani Group stocks. The recovery was supported by gains in select public sector banks and IT stocks, alongside positive global cues as Asian equities mirrored Wall Street's performance.

At approximately 9:30 am, the Sensex rose by 599.21 points, or 0.78 percent, reaching 77,755.00, while the Nifty increased by 190.10 points, or 0.81 percent, to 23,540.00. Market breadth was favorable, with more shares advancing than declining, and a number remaining unchanged.

Despite this recovery, foreign institutional investors continued their aggressive selling, offloading a significant amount in the cash market. Aishvarya Dadheech, Founder and CIO of Fident Asset Management, noted a gradual emergence of valuation comfort within the market, indicating a potential shift in investor sentiment.