Sensex, Nifty gain 4% this week; here's what drove the rebound

Domestic equity markets overcame the downbeat mood and logged gains of over 4 per cent for the week ended July 22. The BSE Sensex and the Nifty50 rose over 2,300 and 660 points, respectively, during the period. 

While analysts feel the fundamental backdrop has not drastically changed, a combination of domestic and global factors have lowered investors' apprehension. The market, they said, may have found the bottom. 

“Falling crude oil prices and rebound in FII inflows into the domestic market helped benchmark Sensex to close above the psychological level of 56,000. The fear of aggressive rate hikes by both the