Sensex recovers over 600 points from day\\\'s low

The BSE Sensex staged a smart recovery in the afternoon trade on Tuesday after falling to its lowest level in a year. Strong gains in European markets and buying at lower levels helped Indian markets recover from lower levels. The rupee also rebounded to 66.20/dollar levels. Indian stock markets started on a bright note today, with the BSE Sensex climbing around 380 points in early trade, but a sharp selloff in China shares later triggered another round of panic selling in equities. At their day's lows, the Sensex slumped nearly 450 points to 25,298 while the Nifty hit 7,667 - their lowest levels in a year. But sharp gains in major European markets helped Sensex recover from lower levels. Institutional investors bought shares at lower levels, triggering a recovery in Indian markets, traders said. At 2:03 pm, the Sensex was up 233 points at 25,974 while Nifty rose 72 points to 7,881, according to ndtv.com.

-Shuvo-