From correspondents in Maharashtra, India, 02:01 PM IST

The Indian equities markets, which started the day with a sharp cut, recovered from their lows Thursday after industrial production data, released today, showed 7 percent growth.

At 1:00 p.m., the 30-share BSE Sensex was down by 273.88 points or 1.80 percent at 14,911.44. At the day's low it touched 14,747.99.

The market breadth was negative. On BSE, 811 shares advanced compared to 1,570 that declined and 59 remained unchanged.

At the same time, the broader-based S and amp;P CNX Nifty was down by 68.15 points or 1.51 percent at 4,455.45.

(Staff Writer, © IANS)