Benchmarks closed more than 2% lower on Wednesday, after posting their biggest intraday percentage loss since March 7 earlier in the session, after India’s central bank raised the benchmark rate. in a surprise decision.
The NSE Nifty 50 index was up 0.71% at 16,796.30 0353 GMT, with most of its major sub-indices in positive territory, while the S&P BSE Sensex was up 1.06% at 56,256, 66.
The Nifty sub-indices of public sector banks, metals and autos were among the biggest winners in the segment, rising more than 1% each.
In the wider Asian market, stocks followed stock market gains after the US central bank raised interest rates by 50 basis points but adopted a less belligerent tone than some had feared.