Sensex, Nifty recover after days of turmoil; short covering to drive markets now
First of all, insurance behemoth Life Insurance Corporation assured that it would do all it can to prevent the collapse of IL&FS led to marked improvement in the sentiment. All options, including increasing the equity holding in IL&FS, are open, assured LIC chairman.
Stock markets in India recovered today after days of mayhem with Sensex soaring 347 points as banking, pharma and FMCG stocks recovered. Image source: IANS