New Delhi, April 18 -- India has taken the lead in the global equity market recovery, with the Nifty 50 and Sensex posting four straight sessions of gains. The benchmarks surged by 6.5 percent and 6.4 percent, respectively, buoyed by a mix of domestic macro stability and improving global cues. The market comeback follows a difficult phase marked by volatility stemming from geopolitical and trade-related uncertainties.

The turnaround in sentiment was driven largely by domestic factors. Financial stocks emerged as the biggest contributors to the rally, underpinned by the Reserve Bank of India's back-to-back repo rate cuts. These cuts came in response to a cooling in retail inflation, thanks in part to declining vegetable prices. The improv...