Indian stock market staged a sharp recovery, with Sensex and Nifty erasing morning losses to snap a four-session losing streak, led by a strong surge in IT stocks including heavyweight TCS, Infosys, HCL Tech and Tech Mahindra.
Sensex jumped 383 points to close at 74,650, while Nifty 50 gained 101 points to end the session at 23,484. This came as India VIX, which measures volatility in markets, tumbled more than 7% to 15.32.