Equity markets rebounded in mid-session after an early fall, as broad-based profit-taking — now persisting for a fourth straight session — initially dragged the market lower. Sentiment stabilised later, however, with metals gaining sharply after the US Federal Reserve’s 25-basis-point rate cut, helping offset the wider selloff and lifting key indices back into positive territory.

Sensex zoomed 407.03 points or 0.48 per cent to 84,798.30 at 1.49 pm, and Nifty 50 increased by 133.95 points or 0.52 per cent to 25,891.95.

Nifty midcap 100 and smallcap 100 rose 0.88 per cent and 0.71 per cent, respectively. On the sectoral front, all indices traded in green. Nifty auto increased over 1 per cent. Pharma, healthcare, consumer durables and banking stocks led the chart.

Kotak Mahindra, Eterna

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