
Indian equities staged a dramatic turnaround in late trade after optimism surrounding a potential US-Iran peace understanding lifted investor sentiment globally, reinforcing hopes that easing crude oil prices could provide relief to several domestic sectors already under pressure from inflation concerns.
Speaking to ET Now, market expert Neeraj Dewan described Wednesday’s trading session as “a seesaw kind of a day,” with markets swinging sharply before recovering strongly on positive geopolitical headlines.