Sensex recovers, up by 238.41 points, currently at 34,434.35; Nifty up by 89.50 points, currently at 10,587.75. The recovery mirrors the rebound by the Dow Jones industrial average, which closed up 567.02 points or 2.33 percent on Tuesday to 24,912.77. The S&P 500 gained 46.2 points to 2,695.14, recovering from the biggest one-day decline in the index in more than six years on February 5. The Nasdaq Composite too added 148.36 points, closing at 7,115.88.

Till Tuesday, equities nursed losses for the sixth straight session today as the post-Budget sell-off continued amid a meltdown in the world markets.

Investors saw a wealth erosion of more than Rs 2.72 lakh crore after the BSE Sensex plunged by 561 points to close at a one-month low of 34,195.94.

The broader Nifty too shed 168.30 points to finish at 10,498.25.Global markets nosedived today after a record-breaking loss on Wall Street, extending a global rout as investors fret over rising US borrowing costs.

The Dow on Monday suffered its worst points fall in history and wiped out all its 2018 gains, while the S&P 500 also took a beating.