Market Stages A Smart Recovery Amid Geopolitical Tensions. Nifty, Sensex Close With 1% Gains

Benchmark indices Sensex and Nifty wiped off early losses and edged higher towards the end of April 19 trading session. Analysts believe that the recovery came on the back of investors covering their short positions despite Israel's fresh attack on Iran. Going ahead, they suggested investors to stay put amid geopolitical tensions.

On April 19,the Sensex was up 599.34 points or 0.83 percent at 73,088.33, and the Nifty was up 154.00 points or 0.70 percent at 22,149.80. The market breadth weighed towards losers as around - 1,502 shares advanced, 1,763 shares declined, and 81 shares unchanged.

Earlier in the day, markets plunged in negative territory after Israel launched fresh attacks on Iran. This prompted oil prices to rebound from 3-week lows and gain over 3 percent. While Brent Crude topped $90 per barrel, WTI Crude breached above $85 per barrel.

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