Market Movers: Stocks, sectors that led minor recovery on Street
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Shares of Pritish Nandy Communications jumped 10 per cent after the company announced that industrialist Ratan Tata has picked up some shares in the media company.
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For the day, the Nifty50 index ended 0.7 per cent, or 101.5 points, lower at 14,929.50, while Sensex closed at 50,395.08, down 0.8 per cent or 397 points.
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MUMBAI: Benchmark equity indices managed to stage a rapid comeback in the last hour of trade to substantially trim losses for the day aided by strength in European stocks, US stock futures, and sharp paring of losses by bank stocks.