Indian markets staged a strong comeback on Friday with NSE Nifty rising 2.4% (557 points). This recovery marks one of the strongest single-day recovery for Indian markets in the recent times.
Indian markets have corrected from higher levels as massive selling has been witnessed during the last few days. Any pullback rallies have been used for selling at higher levels.
Indian markets were trading lower as PSU banks and Adani Group stocks were dragging the markets down. Among gainers were PAYTM, Indus Towers, Grasim, Tata Steel, Hindalco and Suzlon Energy.