On Thursday, bulls staged a notable recovery in Indian markets, with the Nifty index rebounding 530 points from its intraday low of 22,182 to close at 22,713, marking a 0.15% increase. The Sensex also saw a significant rise, gaining 1,774 points to finish at 73,319, up 0.25% from the previous day. Analysts noted that the Nifty found support around 22,200, suggesting a potential upward movement towards 23,300 if it can maintain momentum. However, the volatility gauge, India VIX, ended at 25.52, reflecting ongoing market uncertainty. Nilesh Jain from Centrum Finverse pointed out that while the broader market structure remains weak, a rebound from the 22,180 level could indicate a key support point. The market's breadth favored bulls, with 2,649 stocks advancing against 1,589 declining out of 4,387 traded on the Bombay Stock Exchange (BSE). Additionally, 57 stocks reached their 52-week highs, while 157 hit lows, indicating mixed market sentiments.