Sensex Recovers Over 450 Points From Day's Low; Nifty Above 15,650

Six of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Auto index's 0.7 per cent decline.

The Indian equity benchmarks came off intraday low levels in noon deals on the back of buying interest in Hindustan Unilever, Asian Paints, Bajaj Finance, Bajaj Finserv, Titan and Hero MotoCorp. The Sensex recovered as much as 483 points from the day's lowest level and Nifty 50 index moved above its important psychological level of 15,650. Earlier in the day, benchmarks staged a gap down opening taking cues from weak global cues as US markets came under a selloff after comments by Federal Reserve on interest rates. Federal Reserve official James Bullard had said the US central bank might raise interest rates sooner than previously expected. As of 12:45 pm, the Sensex was down 151 points at 52,193 and Nifty 50 index slipped 43 points to 15,640. Six of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Auto index's 0.7 per cent decline. Nifty IT, Bank, Financial Services and Private Bank indexes were also trading marginally lower. On the other hand, media, realty, PSU bank, metal and FMCG shares were witnessing buying interest.