Sensex recovers over 600 points after dropping around 1,100 points

The BSE Sensex recovered by over 600 points after it plummeted by over 1100 points around 13:00 on Friday as NSE Nifty also fell below 11,000 mark, reports stated. The market was closed on Thursday due to Moharram. On Friday, The BSE Sensex rebounded over 300 points in the opening trade amid easing trade war tensions. The 30-share BSE index recovered around 305 points to 37,427.10 in the early trade. The market was closed on Thursday due to Muharram. Earlier, the BSE Sensex suddenly fell over 1,100 points creating a sense of panic. 

BSE Sensex had lost 969.42 points in its previous three sessions, while the broader Nifty crossed the 11,300-mark to trade at 11,318.50 by gaining 84.15 points.

Major gainers were ICICI Banks, Axis Bank, Tata Steel, Asian Paints, HDFC, Coal India, Bajaj Auto and Kotak Bank, while Yes Bank was the among the top loses. Other losers were Infosys, HUL and TCS, falling up to 0.46 per cent.

Overseas, most of the Asian share were trading higher amid positive closing in the US market overnight.

Shanghai Composite Index was up by 0.90 per cent, Hong Kong's Hang Seng rose 1 per cent. Japan's Nikkei too inched 0.50 per cent higher after a data released earlier showed that the country's nationwide core consumer price index for the month of August rose 0.90 per cent compared to a year ago.

On Thursday, the US Dow Jones Industrial Average ended 0.97 per cent higher than the previous mark.