At noon on Tuesday, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the markets globally fear that the onset of a recession is very near.  

 Reserve Bank of Australia hiked its interest rates by 50 basis points (half a percentage) in a surprise move, which was a bolder move than was expected by the economists.  

The benchmark indices closed Thursday's trading session on a positive note with Sensex gaining 436.94 points or 0.79 per cent at 55818.11 level, and the Nifty adding 105.20 points or 0.64 per cent at 16628 level. Reliance zoomed 3 per cent to settle at one-month high, thus contributing 68 points to the Nifty gains. Market gains were kept in check with HDFC, HDFC Bank and ICICI Bank qualifying as the main losers.

Double-digit gains returns in a matter of just a few trading sessions is a dream for any investors and especially, for the swing traders!

After witnessing heaving selling on Thursday, the domestic benchmark indices cheerfully recouped almost half of the previous day's losses on Friday. The important factor which drove the short covering in the domestic and global markets on Friday i.e. February 25 is the relief that the economic sanctions announced by the US and others have so far not included any exile of the Russian economy from the global SWIFT payment system.