The Sensex has recovered 281 points from the day's low of 14,888.
The Sensex is now at 15,160, down 175 points .The NSE Nifty is at 4,506, down 57 points.
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(Updated at 1316hrs)
The BSE Realty index has shed 5.5% to 3,859 and the Metal index has declined around 5% to 11,890.
DLF has shed over 7% to Rs 395. Sterlite, Hindalco and Tata Steel have dropped over 6% each to Rs 613, Rs 88 and Rs 440, respectively. Reliance Infrastructure has slipped 5.5% to Rs 1,142. Tata Motors has declined 4.5% to Rs 395.
Reliance communications, Tata Power, ITC, Jaiprakash Associates and ACC are down over 3% each.
TCS has on the other hand added 2% to Rs 489.
The market breadth is highly negative, out of 2,569 shares traded, 1,737 have declined and 758 have advanced so far on the BSE.
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The NSE Nifty on the other hand is at 4,462, down 101 points.
SAIL has decreased 7.5% to Rs 165 while the PNB has added 2% to Rs 738.