Sensex stages smart recovery after plunging over 500 points

Last Updated: Wednesday, August 28, 2013 - 16:50

Zee Media Bureau/Reema Sharma

Mumbai: Staging a smart recovery in the afternoon trade, the BSE benchmark Sensex on Wednesday ended 28.07 points, or 0.16 percent, higher at 17,996.15

In early trade, the 30-share Sensex had plunged over 519 points.

On similar lines, the broad-based National Stock Exchange index Nifty recovered by over 7.12 points to 5,272.96.

Major gainers on BSE were, TCS (4.22 percent), Tata Power (3.96 percent), Wipro (3.35 percent) and Tata Steeel (2.03 percent).

The rupee recovered marginally to 68 Vs dollar after hitting an intra-day low of 68.75.

In US, S&P 500 closed under its 100-day moving average for the first time since June 24, a sign of weak near-term momentum.

Tokyo's Nikkei too tumbled on Syrian worries. Nikkei share average sagged 2.4 percent to a two-month low, while the yen was largely steady at 97.00 to the dollar and 129.870 to the euro after climbing more than 1 percent overnight.

First Published: Wednesday, August 28, 2013 - 09:36
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