Indian markets staged a sharp recovery Friday after Thursday's brutal 775-point Nifty selloff. The Sensex surged 831 points to 75,038 while Nifty gained 261 points to 23,264 by mid-morning. Geopolitical de-escalation hopes triggered the reversal, with Israeli PM Netanyahu signaling restraint on Iranian infrastructure and supporting efforts to reopen the Strait of Hormuz. This eased crude oil concerns dramatically, with Brent crude falling from $118 to $106 per barrel. US Treasury Secretary Scott Bessent signaled potential sanctions relief on Iranian crude. IT stocks led gains with Tech Mahindra and Infosys rising over 2 percent. Metals and banking sectors also bounced back strongly as risk sentiment improved across the board.
