Market recovery, Sensex above 17,000

U.S. credit rating is damaged the credibility of the impact on stock markets around the world, one was on Monday. Indian market opened with steep declines. Sensex opened down nearly 500 points. Earlier, in other major Asian markets has declined drastically. 

However, after 12 noon sharp recovery seen in the market. Sensex is trading above 17 thousand. However, market analysts are saying that the Sensex fell to 15,000 in the next few days could reach. 

Afternoon @ 1:00 pm After a sharp fall in Indian markets have seen sharp recovery. Finance Minister Pranab Mukherjee's statement is helpful in recovery. He said that Indian markets are strong and will not have much impact on India of U.S. weakness. About 4 hours 16, after trading below by 000 and 17, is trading above 000. Sensex down 145.45 17, is trading at 160.42. Nifty is trading at 5184.55 down 26.70 points. 

Morning @ 11:00 am BSE Sensex's fall of 482.44 points is trading at 16823.43. The NSE Nifty is trading at 5072.15 down 139.10 points. TCS, Reliance Industries, Infosys, Bharti Airtel, ICICI Bank and ONGC 2-5 per cent as recorded in the heavyweight stocks. 

Wipro and HCL Tech have seen weakness in the 7-8 per cent. BPCL and GAIL are gainers. 

 Early trade Indian market opened with steep declines on Monday. Show selling pressure during early trading in the market. Fall of 465.76 points in early trade with the Sensex is trading at 16840.08. Nifty is trading at 136.55 points down to 5074.70. Major companies, HCL, TCS, Tata Motors and Wipro's shares have declined the most. GAIL and BPCL edge in the exhibit this fall.