The stock market on Thursday recovered from early plunge but continued to remain in the red in afternoon trade.

The Bombay Stock Exchange benchmark Sensex was trading below 78 points at 71,422.79 as of 12:26 pm. The Nifty 50 index was a little above 25,000 points at noon.

This is a developing story. Please stay tuned for updates.

The Sensex plunged by 400 points in early trade on Thursday.(Reuters)

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