Sensex, Nifty swing amid global cues; fall sharply after rise

Barring Nifty FMCG, all other sectoral indices are trading in the red with metals, PSU Banks, financial services, auto and realty indices dragging the most.  

The Indian stock market is witnessing high level of volatility affected by global cues as markets all across showing weak trends.

Accordingly, S&P BSE Sensex index fell as much as 490 points to touch 58,525 in first few minutes of trade after markets opened and the broader NSE Nifty50 fell as low as 17,425 points, down 204 points from its previous close.

It, however, managed to recoup losses and bounce back into the positive zone -- gaining nearly 200 points at the highest point of the day with Sensex again crossing the mount 59,000.