Indian markets stage strong recovery with Rs 6 lakh crore gains.

Indian markets stage strong recovery with Rs 6 lakh crore gains. Sensex surged over 1,000 points to 75,224 while Nifty 50 climbed 288 points to 23,290 as easing crude oil prices and de-escalation hopes in the Iran-US conflict boosted investor sentiment. Brent crude declined over 1% to trade at $107 per barrel after hitting $110 yesterday. Tech Mahindra, SBI, Tata Steel, HCLTech, Infosys and Power Grid led gains with 2-3% rallies. The recovery follows yesterday's massive selloff when Sensex plunged 2,500 points and wiped out Rs 12 lakh crore in market value. Today's rebound appears driven by short covering and improving geopolitical conditions. However, crude prices remain elevated above pre-conflict levels, warranting caution.