New Delhi, June 9 -- Indian stock markets rebounded on Tuesday, buoyed by positive global cues and the Reserve Bank of India's Monday evening announcement of USD-INR forex swap facilities to attract foreign currency inflows.

The BSE Sensex opened 0.70 per cent higher at 74,035.41, while the NSE Nifty 50 gained 0.59 per cent to trade at 23,259.05.

According to banking and market expert Ajay Bagga, the recovery was driven by a combination of global and domestic factors.

"First, the chip sell-off reversed in the US markets on Monday. Even though markets ended well off day highs, they managed to end in the green as buying interest returned to the sector boosting the AI momentum plays," Bagga said.

US markets closed higher overnight, helpi...