The #MarketRebound is underway, with the Sensex reclaiming 80,000 and the Nifty rising above 24,300, driven by IT, auto, and pharma stocks. This marks the seventh consecutive day of gains, with the market posting its biggest weekly gains since February 2021. The rupee has also appreciated in value.

Several factors are contributing to this rebound:

- *Banks leading the charge*: Banks have powered the market rebound, driving 40% of the Nifty's 2,000-point surge.

- *Foreign institutional investors (FIIs)*: FIIs have bought Indian shares worth $2 billion in just five sessions, triggered by reallocation due to tariffs.

- *Historical trends*: March has historically been a strong month for market recoveries, with an average gain of 1.7% since 2009.

- *Technical indicators*: The Nifty has entered a critical support zone defined by the 100-week Moving Average Envelope (+/-3%), which has historically contained declines except during extreme events.

Some top-performing stocks include:

- *HCL Tech*: Up 7% after brokerages drew neutral ratings on in-line Q4 results.

- *Vardhman Special*: Up 20% despite weak results, due to a Rs 2,000 crore capex plan.

- *Waaree Energies*: Up 8% after Q4 profit jumped 34% and revenue rose 36% on year.