Indian markets opened weakly on the back of Wall Street and then Asian market blues but rebounded sharply with the BSE Sensex index closing 268 points higher at 71,823. The Sensex recovered almost 1,000 points from its intra-day low.
Oil prices surged partially after an unexpected attack on Israel by Hamas raising tensions in the middle east. US crude futures surged as much as 5.4% in New York, at one point topping $87 a barrel but slipped back a little
Delhi-based Sahasra Electronics is set to commercially launch the first Made in India memory chips next month. The present semiconductor project got going on January 21 and test runs have been taking place since March.