A massive downturn in the global stock markets unleashed a selling frenzy on the domestic bourses during the day’s trade.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE recovered over 700 points from its day’s low at 33,482.81 points.
The Sensex provisionally closed (at 3.30 p.m.) at 34,195.94 points — down 561.22 points or 1.61 per cent — from its previous close at 34,757.16 points.
Similarly, the wider Nifty50 of the National Stock Exchange bounced back over 200 points to close trade at 10,498.25 points — down 168.30 points or 1.58 per cent from its previous close.
According to market observers, all the major Asian as well as European stock markets, edged lower following an overnight downward correction in Dow Jones by over 1,100 points.
Just after the pre-open session, the Sensex of the BSE traded more than 1,000 points or 2.90 per cent lower from Monday’s close.
Tata Steel and Bharti Airtel were the gainers on the BSE, while the top losers were Tata Motors, Tata Motors (DVR), Tata Consultancy Services, Hero MotoCorp and Kotak Bank.