Indian shares reversed most of the sharp early losses on Friday, with the Sensex surging over 400 points above its low of the day and the Nifty 50 closing above 25,200 levels, supported by positive global indices, persistent foreign inflow and a slight easing of crude oil prices.
The 30-share BSE Sensex was trading at 81,726.22, down 184.79 points or 0.23%, and the Nifty 50 was at 25,206.15, according to Moneycontrol.
The Sensex earlier had fallen 610.55 points to a low of 81,300.46 in intra-day trade. The Nifty too traded lower by 221.8 points at 25,077.55.
Buying lower on the levels pulled the benchmark indices back up from the lows.
Foreign institutional investors (FIIs) continue to be the mainstay of support as they extended their buying streak for the ninth straight session with net inflow of Rs 7,830.60 crore on Thursday.
Brent crude futures slipped 0.1% to $95.72 a barrel, while Asian markets gained. The Nikkei 225 in Japan and the Kospi in South Korea gained, buoying regional markets.
Nevertheless, ongoing volatility and worries about the global economy left investors cautious.
