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Sensex continues to play Chinese chequer

by IBNS 26 Aug 2015, 10:26 am

Mumbai, Aug 26 (IBNS) After Monday's carnage in stock market, BSE Sensex continued to fluctuate on Wednesday keeping as it went down by 344 points and then recovered nearly 470 points in the first half keeping investors edgy.

Market reports said the "Chinese chequer" game continued despite  policy moves by the China central bank on Tuesday to support the economy, keeping investors worrying that the fresh rate cuts would not be enough to stabilise the situation.

 At its day's low, the Sensex fell as much as 344 points while Nifty hit 7,785. But a recovery in China markets helped Sensex to come off lows.

 The Sensex at its day's high rose to 26,156 - a recovery of nearly 470 points from the day's lows. 

At 10:46 a.m., the Sensex was up 70 points while Nifty edged higher by 30 points to 7911.