Sensex rises 500 pts from day's low amid PM Modi's address to nation from Lok Sabha

Sensex rises 450 pts from day's low ahead of PM Modi's likely address to nation from Lok Sabha

• Sensex rebounded 500 points during PM Modi's Lok Sabha address
• Sensex still traded 2% lower amid West Asia conflict concerns
• PM Modi assured safety and assistance for Indians in West Asia

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Sensex staged a partial rebound on March 23 amid Prime Minister Narendra Modi's address to the nation from Lok Sabha at 2 pm.

At around 2 pm, the benchmark index rose over 500 points from day's low but was still trading 2% lower.

PM Modi spoke about key aspects of the ongoing West Asia conflict.

At 2:10 pm on March 23, Sensex was trading nearly 2% lower at 73,020.35. The intraday low of Sensex was 72,558.44.

"The situation in West Asia is worrisome. In the last 2-3 weeks, EAM Dr S Jaishankar and Union Minister Hardeep Puri have provided the details of the situation to the House. This conflict has been going on for more than 3 weeks. It has a severe impact on the global economy and the lives of the people, and that is why the world is urging all sides for an early resolution to this conflict," said Modi.

"Since this war began, every Indian in the affected countries has been provided assistance. I have spoken over the phone with the heads of state of most West Asian countries for two rounds. All have assured the safety of Indians," Modi added.

"Our missions in the affected countries are continuously engaged in helping Indians. Whether it's Indians working there or tourists who have gone there, everyone is being provided with all possible assistance. Our missions are regularly issuing advisories. 24/7 outreach rooms and emergency helplines have been established in India and other affected countries. Through these, all affected people are being provided with the latest information. In times of crisis, the safety of Indians in India and abroad is crucial," PM Modi further said.

Almost an hour later, the benchmark index was trading at more or less the same level with all sectoral indices, barring IT, trading in red.