Market wrap up(DWM,T,N,E):Indian markets rebounded after a three-day slump, led by gains in consumer staples and banking shares. The NSE Nifty 50 Index edged up by 0.34 percent to close at 24,936.40, while the BSE Sensex rose by 0.46 percent to 81,559.56. ICICI Bank was a major contributor to the Nifty 50’s gain, climbing 2.2 percent. Of the 50 stocks in the index, 25 advanced, while 25 declined. Nifty has found support around the 38.2 percent retracement level of the previous rise, with a bullish crossover in its momentum indicator (MACD) on the hourly charts. According to experts, the MACD on the daily charts remains in sell mode, suggesting potential consolidation in the short term unless bullish momentum returns, or the downward cycle completes. The index is expected to trade sideways to negative in the short term.
