Constant sell-off in technology, telecom, metal and realty companies' shares kept throwing a spanner inNifty's efforts to get back above the 5200-mark. Even the European markets could not sustain their initial gains - France's CAC, Germany's DAX and Britain's FTSE were down 0.5-1%. Dow Jones futures slipped 184 points.
The 30-share BSE Sensex lost 217 points during the day and was trading at 17,088 in late afternoon trade. The 50-share NSE Nifty was down 56 points at 5,155.
Most experts CNBC spoke to remained hopeful of a recovery in Indian markets, even though panic and nervousness has gripped investors globally after the S&P downgraded US.
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