Markets Midday: India — Intraday Moves

Sensex +50 pts, Nifty at 24,550 — Indian markets clawed back from a 300-point Sensex intraday drop to trade flat-to-positive by midday, as a crude oil surge past $84/barrel clamped down on banking stocks while IT, metals, and auto provided a counterweight.

Sensex & Nifty: A Morning of Two Halves

• Sensex swung from a 300-point morning dip to trade around +50 pts by 12:10 IST, hovering near 78,550.
• Nifty 50 held above the 24,550 mark after...