Sensex, Nifty Turn Positive After Crashing Earlier In A Volatile Session

Stock Market India: Sensex reverses losses to gain about 90 points

Indian equity benchmarks turned positive reversing deep losses from earlier on Wednesday, but volatility remains the broader theme across world markets, see-sawing between gains and losses with risks to the downside on global recession risks from higher borrowing costs.

The 30-share BSE Sensex index was up about 90 points at 57,197.75, and the broader NSE Nifty-50 index gained around 0.17 per cent to last trade above the 17,000 level.

Earlier, the sell-off in domestic benchmarks extended to the seventh straight session on Wednesday, reflecting a broader decline in global markets after Federal Reserve policymakers reconfirmed an aggressive policy stance in their fight against surging inflation.

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