Evening Wrap: India Today

India's benchmark indices staged a dramatic reversal today, closing well off their intraday lows after crude oil prices pulled back sharply from the week's highs. The Sensex fell just 121 points to close at 74,782, while the Nifty ended down 80 points at 23,398. This was a massive recovery from the morning's plunge, where the Sensex had crashed over 650 points and the Nifty had tumbled more than 220 points.

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