New Delhi, March 26 -- After gaining nearly 7 per cent this month, the Sensex and Nifty 50 have been witnessing some profit booking for the past two sessions. Following a flat close in the previous session, both indices were in the red around noon on Wednesday, March 26.

Indian stock market has seen a remarkable rebound in March after witnessing significant losses since October last year due to weak earnings, stretched valuations and massive foreign capital outflow.

With most negatives already priced in and signs of economic growth momentum returning, foreign investors began buying Indian equities in the cash segment last week.

From March 20 to March 25, foreign portfolio investors (FPIs) bought Indian stocks worth over Rs.19,000 crore...