The Indian stock market experienced a robust recovery from its early lows, with the Sensex gaining nearly 740 points to reach 74,544 and the Nifty surpassing 23,450. This rebound was driven by several factors, including the Indian government's potential move to eliminate capital gains tax on foreign portfolio investments in government securities, which could encourage overseas capital inflows. Additionally, easing tensions in the Middle East, where Israel and Lebanon agreed to renew a ceasefire, contributed to improved investor sentiment. The Indian rupee appreciated by 7 paise against the US dollar, while falling oil prices, with Brent crude dipping below $97 per barrel, further bolstered market confidence. Lastly, a slight decrease in US Treasury yields made equities more appealing compared to bonds. Overall, 1,989 stocks advanced on the NSE, indicating a positive shift in market dynamics.