New Delhi, April 15 -- After a period of volatility driven by global turmoil, the Indian benchmark indices made a strong recovery, reversing earlier losses caused by US-imposed tariffs earlier this month. The Nifty 50 crossed the 23,300 mark while the Sensex surged over 1,600 points in a single session, supported by global optimism, easing market volatility, a temporary reprieve from steep US tariffs and significant short-covering.

The Nifty and Sensex surpassed their April 2 closing of 23,332.35 points and 76,617.44 points, respectively, during the day.

The rally followed a market holiday on Monday, with investors returning in a bullish mood as banking, auto, and IT stocks led the gains.

Investor sentiment received a lift after US Pre...