Israel-Iran war, June 18 -- Indian benchmark indices - Sensex and Nifty 50 - bounced back from early losses to trade in positive territory on Wednesday, driven by financial and auto stocks, despite cautious global sentiment due to escalating tensions in the Middle East and elevated crude oil prices.

Around 9:43 am, the BSE Sensex climbed 264 points, or 0.33 per cent, to reach 81,854, while the Nifty50 advanced 81 points, or 0.32 per cent, to 24,932. The Sensex saw a strong recovery, surging 550 points from its intraday low of 81,304.

According to market experts, the Indian market appears to have largely discounted the Israel-Iran tensions, with Monday's positive close reflecting investor focus shifting back to domestic fundamentals.

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