Indian equity markets ended an eventful and highly volatile session with significant gains today,13th March after posting a record intra-day recovery. The Nifty50 index was locked in a 10 percent lower circuit early morning, prompting a halt in trading for 45 minutes. However, once the markets re-opened, the headline indices Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows. The volatility index surged over 24 percent during the session.
Sensex closed 1,325 pts, or 4.04 percent, higher at 34,103 and the Nifty50 index a tad above 10,000 level at 10,023.65, up 433 points, or 4.54 percent. The rebound was led by banks with index heavyweights HDFC ending 10 percent lower while State Bank of India zoomed 14 percent. Reliance Industries was also up over 5 percent. In the end, 27 out of the 30 Sensex constituents ended the session in green.
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