New Delhi, June 5 -- The Indian stock market bounced back on Wednesday, June 4, breaking a three-day losing streak, with the recovery driven mainly by key heavyweight stocks such as HDFC Bank, Reliance Industries, Bharti Airtel, and Infosys.

The Nifty 50 rose by 70 points (0.3%) to close at 24,610, while the Sensex ended the day 260 points higher (0.32%) at 80,998. Broader market indices outperformed the main benchmarks, with the Nifty Midcap 100 and Nifty Smallcap 100 gaining 0.70% and 0.80%, respectively.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is sustaining above 24,500.

Speaking on the outlook of Indian stock market, Bagadia said...