Indian equity benchmarks recovered intraday losses, albeit in a volatile trading session, in noon deals on Monday on the back of value buying in index heavyweights like Reliance Industries, Infosys, Tata Steel, Larsen & Toubro, and ICICI Bank. Sensex rose as much as 1,165 points from the day's lowest level and the Nifty 50 index touched an intraday high of 16,693 after hitting a low of 16,356. Analysts said that hopes of de-escalation of tensions between Russia and Ukraine after renewed sanctions on Russia by Western countries to block Russian banks from the SWIFT global payment system led to positivity in the markets. Meanwhile, reports of talks between Russia and Ukraine also helped in recovery.