At 11:30am, the benchmark index was hovering at 122,045.62 level, an increase of 5,878.15 points or 5.06%.

This impressive recovery comes after a steep decline on Monday, when the index plunged by 3,855 points, closing at 116,167.

The previous day’s sell-off was driven by heightened geopolitical tensions following a US strike on Iran, which sparked widespread uncertainty and triggered large-scale share sell-offs.

As a result, the index lost four key psychological levels 120,000, 119,000, 118,000, and 117,000 in a single session.

Market experts attribute today’s sharp rally to renewed investor confidence, as fears of prolonged instability appear to have eased.

The surge was accompanied by a noticeable rise in trading volumes and overall market capitalization, signaling a return of positive sentiment among investors.