Indian equity markets experienced a dramatic intraday turnaround on Tuesday, with the Sensex and Nifty swinging from significant losses to gains by late afternoon. This sharp reversal followed intense selling pressure that pushed markets into oversold territory. The rebound was primarily driven by selling exhaustion and short-covering, with buying emerging in index heavyweights across banking, IT, and energy sectors. Analysts caution that this recovery may not signal a definitive trend reversal due to ongoing global uncertainties and geopolitical risks.