<p>On a day when markets witnessed a tussle between the bulls and bears, both the benchmark indices marked their biggest recovery in the history after trading halted for the first time in the past 12 years.</p>.<p>After the trading halted as 50-share NSE Nifty crashed by 10% in just five minutes of the opening of the market, the indices rallied by up to 19% to mark the biggest recovery in the history of Indian equities.</p>.<p><a href="https://www.deccanherald.com/business/business-news/markets-highlights-sensex-closes-1325-up-nifty-closes-just-below-10000-mark-811053.html" target="_blank"><strong>Follow today's stock markets developments here</strong></a></p>.<p>After opening about 400 points lower, Nifty50 witnessed a heavy sell-off which leading to a crash of 966 points (10.1%) in just five minutes of trade, forcing in circuit breaker of 10% in Dalal Street. As the trading began the markets tanked further.</p>.<p>However, later as the markets started paring its losses, Nifty erased most of its morning losses. After the Chief Economic Advisor Krishnamurthy Subramanian tried to allay the fears through a presser, the markets started the rally, which led Nifty to make a recovery of 1,604 points (19%) in the intra-day trade. In the later part of the day, Nifty settled to close at 10,023.65, up 434 points (4.52%).</p>.<p>The situation was no different on BSE's 30-share share Sensex. At the time of halting of trade, the BSE was down 9.43%. When it resumed the trade an hour later it further crashed to an 11% loss. However, with index level buying by domestic funds, the Sensex recovered 5,400 points (18%) before settling at 34,103.48, up 1325.34 (4.04%).</p>.<p>In the sectoral indices, Nifty Bank -- which had crashed the most after the collapse of YES Bank -- was the biggest gainer of the day surging 5.73%. Only sectoral index to end in red was Nifty media, down 0.74%.</p>.<p>The day was marked by a high degree of volatility as India VIX, which measures the volatility in the markets surged by 25% during the day.</p>.<p>While the far eastern indices were in deep red, with Nikkei 225 crashing by as much as 6.02%, the European markets, that have opened a couple of hours ago are trading in green.</p>.<p>However, analysts are warning investors to be cautious of this spike. "While the markets are behaving as if the virus has been cured and supply-demand resurrected, we believe that investors should be cautious," said Anubhav Srivastava of Infinity Alternatives.</p>
<p>On a day when markets witnessed a tussle between the bulls and bears, both the benchmark indices marked their biggest recovery in the history after trading halted for the first time in the past 12 years.</p>.<p>After the trading halted as 50-share NSE Nifty crashed by 10% in just five minutes of the opening of the market, the indices rallied by up to 19% to mark the biggest recovery in the history of Indian equities.</p>.<p><a href="https://www.deccanherald.com/business/business-news/markets-highlights-sensex-closes-1325-up-nifty-closes-just-below-10000-mark-811053.html" target="_blank"><strong>Follow today's stock markets developments here</strong></a></p>.<p>After opening about 400 points lower, Nifty50 witnessed a heavy sell-off which leading to a crash of 966 points (10.1%) in just five minutes of trade, forcing in circuit breaker of 10% in Dalal Street. As the trading began the markets tanked further.</p>.<p>However, later as the markets started paring its losses, Nifty erased most of its morning losses. After the Chief Economic Advisor Krishnamurthy Subramanian tried to allay the fears through a presser, the markets started the rally, which led Nifty to make a recovery of 1,604 points (19%) in the intra-day trade. In the later part of the day, Nifty settled to close at 10,023.65, up 434 points (4.52%).</p>.<p>The situation was no different on BSE's 30-share share Sensex. At the time of halting of trade, the BSE was down 9.43%. When it resumed the trade an hour later it further crashed to an 11% loss. However, with index level buying by domestic funds, the Sensex recovered 5,400 points (18%) before settling at 34,103.48, up 1325.34 (4.04%).</p>.<p>In the sectoral indices, Nifty Bank -- which had crashed the most after the collapse of YES Bank -- was the biggest gainer of the day surging 5.73%. Only sectoral index to end in red was Nifty media, down 0.74%.</p>.<p>The day was marked by a high degree of volatility as India VIX, which measures the volatility in the markets surged by 25% during the day.</p>.<p>While the far eastern indices were in deep red, with Nikkei 225 crashing by as much as 6.02%, the European markets, that have opened a couple of hours ago are trading in green.</p>.<p>However, analysts are warning investors to be cautious of this spike. "While the markets are behaving as if the virus has been cured and supply-demand resurrected, we believe that investors should be cautious," said Anubhav Srivastava of Infinity Alternatives.</p>