3:30 pm Market closing: The market has ended lower despite a sharp recovery. The Sensex is down 109.29 points or 0.4% at 24825.04 and the Nifty slips 37.50 points or 0.5% at 7563.85. About 1241 shares have advanced, 1550 shares declined, and 134 shares were unchanged.
Reliance, Tata Motors, Maruti Suzuki, NTPC and Axis Bank are top gainers in the Sensex. Among top losers are Wipro, M&M, Adani Ports, Dr Reddy's and BHEL.
10:30 am: The market is still struggling with bears as the Sensex is down 241.63 points or 0.9% at 24692.70. The Nifty is down 85.40 points or 1% at 7515.95. About 510 shares have advanced, 1503 shares declined, and 82 shares are unchanged.
9:30 am: The market has once again opened lower with sharp falls following weak China. The Nifty us below 7500 for first time since July 15, 2014. The 50-share index is at 7598, down 89 points or 1.15% while the Sensex is down 326.29 points or 1.3% at 24608.04.
Hindalco, Tata Steel, Tata Motors, L&T and Adani Ports are major laggards in the Sensex. Markets in Asia traded lower as worries over China and low commodity prices continue to dampen investor sentiments.
The Chinese markets opened in negative territory with the Shanghai composite down 2.51% after losing all of its 2015 gains last week, falling by 9.97% in just five days.
The Shenzhen composite was down 3.28%. Chinese markets were shut down twice last week by circuit breakers - a market-calming regulatory tool - that were only implemented in the country at the start of the week.
The circuit breakers were designed to trigger a 15-minute trading halt if the CSI 300 index fell 5%. If that index fell 7%, trade was halted for the rest of the session. By the end of the week, China suspended its circuit breakers, but investors remained wary over the country's ability to handle financial turmoil.
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