Indian stock markets bounced back on Monday. The Nifty and Sensex recovered from budget day losses. This rebound followed a global sell-off in commodities and precious metals. Short covering and easing concerns over a securities transaction tax hike supported the market. Auto sales and falling crude oil prices also boosted sentiment. Foreign investors sold shares, while domestic investors bought them.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets