Sensex and Nifty recover from losses as banking stocks rally, with focus shifting to the upcoming RBI MPC meeting.

Equity markets plunge sharply as Sensex drops 1,157 points and Nifty sheds 332, led by heavy IT selling.

Sensex and Nifty recover from losses as banking stocks rally, with focus shifting to the upcoming RBI MPC meeting.

Market rebounds by midday with IT struggling, while energy and pharma sectors gain; RBI policy decision looms ahead.