India’s benchmark stock index rose early on Wednesday after paring some of the sharp losses at the previous session’s close, tracking a modest improvement on Wall Street, which snapped a four-session losing streak overnight despite lingering recession fears. Potential.

The BSE Sensex rose 233.34 points to 61,935.63 in early trade, while the NSE Nifty opened in the green, reflecting an improvement in sentiment across Asian indices.

Global markets were stunned by the Bank of Japan (BOJ) on Tuesday when it unexpectedly chose to allow long-term interest rates to fluctuate 50 basis points around its 0% target, rather than the previously announced 25 basis point range, even as the central bank maintained its current broad policy stance.

Asian markets started to recover after a surprise policy review in Japan led to losses on Tuesday.

Wall Street stocks snapped a four-day sell-off and rose on Tuesday ahead of critical macroeconomic data due later in the week, such as third-quarter GDP data, housing starts, consumer spending and inflation, which could hint at the Fed’s Policy lessons for the future of policy.