Sensex Recovers 600 Points From Lows, Closes in Red
What Happened
Indian markets witnessed a highly volatile session as rising crude oil prices and concerns over the US-Iran conflict weighed on sentiment. The BSE Sensex recovered sharply from an intraday fall of about 740 points but still ended 121 points lower at 74,781.76, while the NSE Nifty 50 closed 80 points lower at 23,398.10. IT and private bank stocks supported the recovery, but metals and realty remained major drags.
Key Takeaways
The market showed resilience despite Brent crude crossing $108 per barrel, but investors remain cautious as higher oil prices, a weaker rupee, and geopolitical tensions continue to pressure equities. Private banks outperformed, while metal and realty stocks bore the brunt of the selloff.