The market trimmed losses in morning trade,
supported by short covering in most beaten down stocks in early trade due to
China fall.
The 30-share BSE Sensex fell 173.61 points or 0.62
percent to 27998.08 and the 50-share NSE Nifty declined 55.70 points or 0.65
percent to 8455.10.
The broader markets outperformed benchmarks, trading
flat. About 824 shares have advanced, 1045 shares declined, and 109 shares are
unchanged on the Bombay Stock Exchange.
There is no way that India can remain unscathed from
the Chinese market fall considering it is the second-largest economy in the
world, says Andrew Holland, CEO of Ambit Investment Advisors.
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