After Sensex and Nifty crashed 1% on Friday morning, the Indian benchmark indices sharply recovered most of their losses to closer with slight cuts in the afternoon as oil prices and bond yields cooled off following a report on efforts to reach a temporary Iran-US deal.
Sensex, which had dropped around 740 points in the morning, recovered 622 points to close at 74,782. Nifty 50, which had fallen below 23,250, rebounded 167 points to end the session near 23,400. Despite the sharp recovery, the Indian stock market overall closed in the red, with Sensex down 121 points and Nifty down 80 points.
