Sensex recoups over half its losses after plummeting 1,274 points

Volatility in global markets roils Dalal Street

The Sensex plunged as much as 1,274 points on Tuesday after a rout in the US and other major markets. The index, however, managed to recoup more than half its losses as investors resorted to value buying following a sharp three-day correction.

The Sensex, after dropping to a low of 33,483, closed 561 points, or 1.6 per cent, lower at 34,196. Similarly, the Nifty touched a low of 10,276 before closing at 10,498, down 168 points, or 1.6 per cent, from the previous close.

In intra-day terms, this was the biggest fall for both the indices since November 9, 2016,