Indian stock markets rebounded, tracking a drop in crude oil prices and a rally among global peers, with major gains seen in firms like Mahindra & Mahindra, InterGlobe Aviation, and Maruti.

Analysts are bullish on Reliance Industries, citing strong refining margins and a recovering chemical cycle. Interglobe Aviation sees a target upgrade amid peer losses, while AU Small Finance Bank receives a neutral rating due to RBI norm changes. Ambuja Cements is favored for its cost efficiencies and expansion plans.

From the Sensex pack, Larsen & Toubro, Tata Steel, InterGlobe Aviation, UltraTech Cement, Adani Ports and Mahindra & Mahindra were among the biggest laggards