Swinging Sixties! 4 reasons why the Sensex tanked today and then recovered

The 60,000 mark is proving to be a volatile level for the Sensex. On the other hand, the Nifty50 index came within striking distance of the 18,000-mark in the preceding two trading sessions

The markets have cracked sharply in intraday trade on Tuesday, after the early morning volatility amid a broad-based sell-off. The BSE benchmark index, the Sensex, touched a high of 60,288 in the opening deals, but soon changed course thereafter. The selling pressure accentuated in the second half of the trading session, with the BSE index dropping to a low of 59,045 – down 1,243 points in intra-day trade. Buying at lower levels, however, helped the markets recoup some losses. 

In the preceding two trading sessions, the NSE's Nifty50 index came within striking distance of the 18,000-mark, but fell short. On Tuesday,