<h1>Supreme Court Clarifies SEBI's Power to Regulate Securities Market Under Section 11 of SEBI Act</h1> Indian stock markets recovered on Wednesday with Sensex rising by 593 points (0.78%) to 76,617.44 and Nifty climbing 166.65 points (0.72%) to 23,332.35. The rebound followed Tuesday's significant drop of 1,390 points. Recovery was driven by value buying in auto, banking, and IT shares, supported by India's manufacturing sector growth reaching an eight-month high in March. Market optimism stemmed from expectations that upcoming US tariff announcements would minimally impact the domestic economy due to positive India-US trade negotiations. While companies like Zomato and Titan gained, others including Nestle and Power Grid declined.