Mumbai, April 2 -- The key benchmark indices swung sharply on Thursday, snapping back from a steep early sell-off to close modestly higher. The benchmarks opened lower and swiftly came under pressure. The Sensex plunged over 1,588 points, while the Nifty sank 496 points in early trade, as weak global cues rattled sentiment. Selling intensified across the board at the open, with all sectoral indices in the red except IT.

The market opened on the back foot after fresh remarks by Donald Trump threatening strong action against Iran, dragging Asian indices lower. Rising US Treasury yields, a firmer dollar, and Brent crude surging past $107 per barrel stoked inflation fears. A four-year low in India's manufacturing PMI added to the pressure. ...