Domestic equity markets recovered sharply from early losses on Monday, with benchmark indices trimming a significant part of their declines as the session progressed.
As of 12:22 pm, the Sensex was down 861.61 points, or 1.11%, at 76,688.64, while the Nifty declined 253.50 points, or 1.05%, to 23,797.10.
The recovery follows a steep fall at the open, when the and the Nifty slipped below key levels in early trade, reflecting a weak start to the week.
While markets remain in negative territory, the scale of losses has reduced considerably through the session.
This kind of movement means that after sharp selling in the morning, prices have risen from their lowest levels of the day, even though they are still below their previous closing levels. Such intraday reversals are often seen during periods of heightened uncertainty, when markets react quickly to global developments and then stabilise as trading progresses.
The early weakness came amid rising geopolitical tensions and a surge in global oil prices, both of which tend to weigh on investor sentiment, particularly in import-dependent economies like India.
Despite the recovery, the broader mood in the market remains cautious.
The fact that indices are still trading in the red suggests that the initial concerns have not fully eased. At the same time, the pullback from early lows indicates that there is some support emerging at lower levels, preventing a deeper fall for now.
Such sharp swings within a single trading session are a sign of elevated volatility, where markets do not move in a straight line but react to changing cues through the day.
For investors, this means that near-term movements could remain unpredictable, especially as global factors continue to play a dominant role in shaping sentiment.
For now, markets have stabilised after a sharp opening shock. However, with losses still intact and uncertainty lingering, the session reflects a market that is trying to find direction rather than one that has clearly turned around.