Equity benchmarks rebounded amid volatility, tracking strong opening of European markets.The Sensex gained 24.95 points at 25766.51 after seeing more than 400 points fall intraday. The Nifty rose 6.20 points to 7815.20 after falling below the 7700 level intraday.
The market breadth slightly improved. About 653 shares have advanced against 1848 shares declined on the Bombay Stock Exchange.
Global Update: China’s Shanghai Composite index crashed to 2965 at close, the lowest level in 2015, down 7.6 percent (in addition to 8.5 percent fall in previous session).
US futures recovered sharply from day’s low with the Dow Jones and S&P 500 futures trading 2 percent higher each.
European markets also opened strong. France CAC and Britain’s FTSE gained 1.7 percent each after yesterday’s mayhem.
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