Share markets in India rose sharply in the morning session after a volatile start with the volatility index, India VIX, surging over 7% to a 12-year high level of 63.1.
The BSE Sensex is hovering around 31,800 levels after falling as much as 500 points earlier in the session.
The Nifty 50 index is trading 119 points higher at 9,316 levels.
Sun Pharma, Power Grid and Tata Steel are the top gainers in BSE, trading above 5%.
On the sectoral front, gains were seen in the metal sector and FMCG sector.
Stay tuned for more updates in the following commentary.
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