"The recovery was largely due to short covering by bears since there was a clear profit of about 1,000 points after 300-odd points lost Friday and another 700-odd points lost today," said Jagannadham Thunuguntla, equity head of Delhi-based NEXGEN Capitals Ltd.

1. Mumbai, Sep 15 (IANS) After panic selling throughout the morning, Indian equity markets witnessed a
smart recovery but still ended in the red Monday.
At the close of trading, the 30-share benchmark sensitive index of the Bombay Stock Exchange, the
Sensex, had recovered by nearly 300 points to end the day at 13,531.27, still down 469.54 points or 3.35
percent from its closing figure Friday.
Earlier in the day it had fallen by over 750 points or about 5.4 percent.
Sectorally, realty, information technology, technology covering media, telecommunication and technology
stocks, and metals suffered the most.
The early morning panic selling was sparked off not only by the serial blasts in the country's capital New
Delhi, but also the news that the world's fourth largest investment bank Lehman Bros had filed for
Chapter 11 bankruptcy.
Lehman Bros filed for bankruptcy under US laws early Monday morning after failing to find a white knight
to bail it out of its problems arising out of