Indian stock markets rebounded on Wednesday, with the Sensex increasing by 120 points to 74,679 and the Nifty rising 59 points to 23,438, breaking a four-session losing streak. This recovery was aided by the Indian rupee's stabilization at 95.52 against the US dollar, following the government's decision to raise import duties on gold and silver from 6% to 15%. This move is expected to curb demand and help narrow the trade deficit exacerbated by rising oil prices, which have increased due to geopolitical tensions in the Middle East. Oil prices slightly declined, with Brent crude falling to $107 per barrel amid ongoing military actions in the region. However, foreign institutional investors continued to sell off Indian equities, with a net outflow of ₹1,959 crore, marking their sixth consecutive session of selling. Analysts caution that the market's optimism may be short-lived due to the fragile geopolitical landscape, suggesting that investors remain cautious and consider sectors like pharmaceuticals and banking for long-term investments.