After starting flat and losing about 1 percent in late
afternoon trading, Indian equities staged a smart recovery to recover about
half the losses towards the end.
At close, the Sensex was down 161 points, or 0.57
percent, to 28,338 while the Nifty ended at 8,463, down 67 points, or 0.79
percent.
The sharp swing saw plenty of stocks being sent into a
tizzy. Mid-cap stocks such as Man Infra (recovered 21 percent from day’s low),
Monnet Industries (climbed 18 percent intraday) and Digjam (recovered 17
percent) saw wild swings.
BHEL, HUL and
Cipla were the top Sensex gainers with a rise between 1.5 percent and 3.1
percent while ITC, Tata Steel and NTPC were the worst decliners, off 2.2
percent to 4.6 percent.
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