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

Stock Market India: Equity benchmarks turned positive reversing deep losses from earlier on Wednesday.

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.