Sensex breaches 8K mark- recovers to end at 8500
Continuing the world-wide down-ward market trend, the Bombay Stock Exchange tripped in the morning session breaching the psychological point of 8,000 and touched an intra-day low of 7,697.39.
Later in the day the Bombay Stock Exchange’s Sensex bounced back by around 80% and closed at 8,509.56, down 191.51 points or 2.20%.
National Stock Exchange’s Nifty bounced back 271.45 points from the day’s low of 2252.75 to close at 2,524.20. The broader index touched ended 59.80 points or 2.31% lower from its previous close.
There was no respite for tier II and III stocks as sustained selling saw them under-perform benchmarks. BSE Midcap Index closed 4.18% lower and BSE Smallcap Index fell 5%.