Market rebounds as bulls deliver knockout punch after opening-hour shocker

Nifty hit lower circuit in opening session, halting trade for 45 minutes. Indices see sharpest recovery; Sensex rebounds 5,000 pts from day's low.

The Indian markets soared 16 per cent from their lows on Friday as the global selloff triggered by coronavirus concerns showed signs of easing after central banks around the world announced measures to restore stability.

The Nifty plunged 10 per cent in opening session, leading to a trading halt for the first time in 12 years. During the hour-long trading break, US equity futures and the Asian markets saw a dramatic recovery underpinned by central bank measures, which helped repair investor sentiment bruised by stocks plunging to multi-year lows.

After dropping to 8,555, the Nifty managed to end the day