The equity markets have bounced from their recent lows in spite of the recession fears. It is the steep drop in commodity as well as crude oil prices that are leading to a rally in the equity prices.  

BSE Sensex tanked over 15 per cent since it made an all-time high in October. BSE Smallcap index, in the meantime, plunged 15 per cent; thus, performing in line with the key benchmark index.   

On Monday, the equity markets experienced panic and broader indices were down more than 3 per cent. The sell-off can be mainly attributed to Russia-Ukraine tensions. Almost all major indices across the globe were in red.