Indian shares recover

Indian shares recouped most losses after key indexes plunged over 3 per cent in afternoon trade on panic-selling in housing finance and property stocks, reports Reuters.

The broader NSE index fell as much as 3.3 per cent to 10,866.45, its first time below 11,000 since late July. The benchmark BSE index dropped as much as 3.04 per cent, shedding nearly 1,500 points from the day's high, to 35,993.64. Both the indexes posted their biggest intraday fall since February 6.

As of 0923 GMT, the NSE index was down 1.2 per cent while the BSE index was 1.1 per cent lower.