After dipping below 8,000-points level, the benchmark Sensex recovered most of its early losses, to quote 191 points down in pre-close trading on the back of buying by domestic financial institutions and short-covering by speculators.
The 30-share index, which had lost over 1,000 points at midsession on major sell-off by jittery funds, recovered partially to trade 191.89 points down at 8,509.18 points after touching the day's low of 7,697.39, a level last seen on October 2005.
The wide-based National Stock Exchange index Nifty was down by 79.80 points at 2,504.20 points after dropping to 2,252.75 points at one stage.
Marketmen said emergence of buying by domestic financial institutions and covering-up of short positions by speculators at prevailing lower levels helped Sensex to recover part of lost ground.
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