New Delhi, April 12 -- The Indian stock market witnessed a sharp rebound after declining for six weeks straight, driven by positive global cues. Investor sentiment stayed upbeat on hopes of a temporary US-Iran ceasefire, though ongoing geopolitical tensions limited the momentum as the week advanced. A steady domestic macroeconomic environment further underpinned the rally, with broader markets outperforming the headline indices.

Despite heightened volatility-featuring sharp mid-week surges followed by profit-taking-the overall trend remained upward. As a result, both benchmark indices, the Nifty and Sensex, gained around 6% to close near the week's highs at 24,050.60 and 77,550.25, respectively.

Ponmudi R, CEO of Enrich Money, believes ...