Nifty Rebounds Amid Volatility; Rupee Hits Record Low

Nifty rebounded 121 points to close at 24,119 in a volatile session, continuing its alternate day recovery pattern. After an early rally, sharp intraday correction, and late rebound, buying interest remained visible at lower levels, keeping the short-term tone constructive.

Realty, metals, and healthcare outperformed, while IT and select banks lagged. Midcaps and smallcaps extended gains, supported by improved market breadth. The rupee weakened to a fresh record low amid strong dollar demand, elevated crude prices, and continued foreign outflows. Key support remains at 23,800, with resistance near 24,334.

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