Sensex rises over 550 points, Nifty reclaims 24,000 in a sharp rebound. What lies ahead?

Indian stock markets traded higher on Thursday, recovering from Wednesday's significant decline. Sensex and Nifty saw marginal gains as investor confidence returned to the trading floor.

Oil prices continued their upward trend, influenced by escalating Middle East geopolitical concerns. Foreign institutional investors remained net buyers of Indian equities for the sixth consecutive session.