Markets Close: India — Today's Wrap

Banking stocks led the recovery: Nifty Bank surged over 500 points from intraday lows as value buyers piled into oversold names. Axis Bank, M&M, and Tata Consumer were among the top Nifty Bank gainers, reversing yesterday's 1.43% drubbing in the bank index.

FMCG and defensive plays cushioned the fall: Hindustan Unilever, ITC, and State Bank of India were early session leaders as investors rotated into defensives amid...