Markets have started to recover. The Sensex is down 80 points at 16,184. The Nifty is down 28 points at 4,801.

Sterlite has dropped further and is now down 3.7% at Rs 718. Hindalco has shed 2.5% to Rs 121.

BSE  |  NSE Price

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Meanwhile, SBI has gained 1.7% at Rs 1,952. Jaiprakash Associates, Hindustan Unilever, Tata Steel and Wipro have added 1% each.

The market breadth has turned positive. Out of 2,567 shares traded 1,313 have advanced while 1,182 have declined.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Rupee closes at new low of 56.24 - Wall Street opens 1% lower on Europe - Shashi Ruia steps down from board of Essar Ports - Sebi allows firms listed on RSEs to migrate to main bourses

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