New Delhi, March 5 -- Bulls bounded back into the reckoning on Wednesday after 10 long days of decline, shored up by comebacks from auto, IT and FMCG stocks, and a fall in the value of the US dollar to a three-month low.

The recovery ended the longest losing streak witnessed by benchmark Nifty 50, its worst in more than 25 years. To be sure, doubts persist on whether this is just small cheer in an overall picture of decline for the markets.

Several global indices, including Germany's DAX, France's CAC 40, Hong Kong's Hang Seng, and Taiwan's Weighted Index, also closed on a positive note, lifting investor sentiment in the domestic market as well.

After a rough month-where Nifty Auto tumbled 12%, Nifty IT slid 11%, and Nifty FMCG dipped ...