Sensex rebounds, gains 800 pts as investors assess US recession fears; Nifty near 24,300

Indian indices Sensex and Nifty rose over 1% on Wednesday, driven by gains in banking and IT stocks. Market capitalisation increased by Rs 4.53 lakh crore, reaching Rs 444.12 lakh crore. Infosys, HDFC Bank, ICICI Bank, and Reliance Industries were major contributors to this upward movement.