Indian markets saw sharp swings Wednesday, with IT stocks tumbling over US recession fears while banking stocks provided some support. The Sensex fell 73 points to 74,030, and Nifty 50 lost 27 points. IndusInd Bank rebounded, while Infosys dropped 4%. Mutual fund inflows hit a 10-month low, with small and mid-cap funds seeing steep declines as investors shift to safety.