In the last eight out of ten years Sensex has given positive returns in October: Analyst
Indian stocks markets rebounded strongly today, led by gains in banking stocks. A attempted bounce in global equities and upbeat quarterly updates from banks also lifted sentiment ahead of the corporate earnings season. The NSE Nifty 50 index rose 2% while Sensex jumped nearly 1,300 points to reclaim 58,000 levels. Wall Street rallied overnight while Asian stocks were mostly higher after Britain scrapped bits of a controversial tax cut plan, helping improve global market sentiment, cooling US bond yields and rallying the pound.