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Indian equity markets rebounded sharply on Tuesday after two consecutive sessions of fall, which lifted the Nifty50 above its psychological crucial level of 11,400, with gains of 0.70 percent at 11435.10 on Tuesday.
The index formed a bullish candle on back of easing domestic consumer inflation data (CPI) and due to defuse fears about Turkey's economic turmoil.
Market sentiments remained upbeat from the start of the day with the Central Statistics Office’s (CSO) data showing that India’s Retail inflation fell to a nine-month low of 4.17 percent in July and that led to pause in depreciation of Rupee against Dollar.
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