Equity markets recover but still end in red

By IANS,

Mumbai : After initial panic selling throughout the morning, Indian equity markets witnessed a smart recovery but still ended in the red.

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At the close of trading Monday, the 30-share benchmark sensitive index of the Bombay Stock Exchange, the Sensex, had recovered by nearly 300 points to end the day at 13,531.27, down only 469.54 points or 3.35 percent.

Earlier in the day, it had fallen by over 750 points or about 5.4 percent.

The broader based 50-share S&P Nifty index of the National Stock Exchange also recovered by 88 points to end at 4,072.90, down only 155.55 points or 3.68 percent.

Earlier, it had fallen by 244.25 points or 5.78 percent to breach the 4,000 mark to 3,984.20 points as against its previous close Friday at 4228.45.