Mumbai, April 6 -- Indian equity markets witnessed a volatile trading session on Monday, opening in the red but recovering sharply by the close, supported by value buying and a rebound in oversold sectors.

The Nifty 50 index closed at 22,968.25 with a gain of 255.15 points or 1.12 per cent, while the BSE Sensex closed at 74,106.85, up by 787.30 points or 1.07 per cent. Despite early weakness, both indices managed to close with gains as buying interest picked up during the session.

Market experts attributed the recovery to value buying across sectors and a bounce-back in segments that had seen recent corrections.

Vinod Nair, Head of Research at Geojit Investments, said, "Domestic equities staged a strong rally as value buying gained tra...