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JM Financial reports continued earnings downgrades for Nifty 50 firms, with 60% seeing FY26 EPS cuts. Banks, consumer stocks, cement, and oil & gas suffered the most. Telecom and metals gained. Despite a market rebound, sustainability concerns persist.

Sensex surged 740 points, Nifty ended above 22,300, snapping a 10-day losing streak. Key movers included IIFL Finance, Coforge, Adani Group, Ambuja Cements, Jindal World, and BSE amid market recovery and corporate actions.

Vodafone Idea, Alok Industries, Tata Teleservices, PNC Infratech, and HPCL have the highest EV-to-MCAP ratios in the Nifty500, signaling high debt or liabilities relative to their market value, per StockEdge data.

The Nifty Realty index closed 2.32 per cent up at 827.55.

Despite Sensex s 740-point rally, six BSE500 stocks hit 52-week lows, signaling potential buying opportunities or underlying weaknesses. Investors assess these price dips for market sentiment and stock valuation insights.

Veteran investor Shankar Sharma sees the current bear market as locally driven, unlike past global-led downturns. Analysts cite FII outflows, technical factors, and attractive valuations. Nifty rebounded, forming a bullish pattern, with key resistance at 22,500. Experts advise focusing on fundamentally strong stocks amid ongoing volatility.

Sebi introduced a six-step framework late last year, implementing measures such as increasing options contract sizes and limiting weekly expiries to one per exchange. These rules followed a study revealing that retail traders lost nearly Rs 1.8 lakh crore over the past three years by gambling their savings in volatile trades.

The OPEC+ decision to reintroduce 2.2 million barrels per day (mbpd) of oil over the next two years was "cautiously expected," yet still notable, as it represents 38% of the 5.9 mbpd in cumulative cuts made since 2022, according to the brokerage.

The Indian rupee rose on Wednesday as a broadly weaker U.S. dollar spurred gains in most Asian currencies, with investors fretting over a slowdown in the U.S. and how trade tariffs may impact the world s largest economy.

The auto sector’s valuation premium over Nifty has declined from 37% to 20%, as auto stocks fell 27% compared to Nifty’s 16% drop since September 2024. Weak Q3 earnings and Tesla’s India entry contributed to bearish sentiment, analysts say.