Indian stock market, March 24 -- Markets experienced a strong rebound last week, with benchmark indices Nifty and Sensex rising by over 4%. The surge was driven by improved investor sentiment, increased foreign inflows, and favorable global factors. Nifty closed at 23,350.4, while Sensex ended at 76,905.51, both near their weekly highs.

On a weekly basis, the BSE benchmark climbed 3,076.6 points (4.16%), while the Nifty gained 953.2 points (4.25%). Experts attribute this surge to the US Fed hinting at the possibility of two interest rate cuts this year, boosting optimism in the domestic market. As a result, equity investors saw their wealth increase by Rs.22.12 lakh crore over the five-day stock rally.

The Indian rupee recorded its stro...