Volatile Sensex falls 36 points

After Wednesday8217;s 151-point fall, Dalal Street witnessed volatile trading on Thursday. The benchmark Sensex showed a huge intra-day swing of nearly 300 points and closed lower by 36 points.

The market opened on a firm note taking cue from the recovery across global markets, and the Sensex surged 150 points within minutes of commencement of trading. The market came off the higher level by mid-morning trade.

A major sell-off was witnessed in afternoon trade and the Sensex plunged over 100 points at one point of time. The barometer index staged a recovery from the lower level in the last 20-25 minutes of trade.

The recovery at the fag end of the trading session was mainly led by a recovery from lower level in index heavyweights Reliance Industries and State Bank of India. Stocks like Bharti Tele-Ventures, Gujarat Ambuja Cements, TCS, NTPC, Dr Reddy8217;s Laboratories, Maruti Udyog, Wipro and Tata Motors recovered from the lower level in late trading.