New Delhi, April 7 -- The benchmark indices, Sensex and Nifty 50, witnessed a notable recovery on Monday, April 6, after initially declining in early trading, prompted by a drop in crude oil prices and reports of ceasefire negotiations in the ongoing conflict in West Asia.

Strong demand for banking and IT shares, along with a rising rupee, bolstered investor confidence, according to traders.

During a session marked by volatility, the 30-share BSE Sensex soared by 787.30 points or 1.07%, closing at 74,106.85. At its peak, the index climbed 887.91 points or 1.21%, reaching 74,207.46.

The Nifty 50 also rose, gaining 255.15 points or 1.12%, to finish at 22,968.25.

The Gift Nifty Live Chart is showing a negative start for the Indian stock ...