Mumbai: After dropping nearly 200 points, the Sensex on Friday staged a smart recovery tracking strong cues to close just 26 points lower as investors looked beyond the deficient monsoon and ECB not announcing immediate steps to tackle Eurozone debt crisis.

In line with global stocks, Indian shares tanked with the BSE benchmark index opening 60 points lower. It touched the day’s low of 17,026.97 soon after as selling pressure intensified, down 197.39 points from its last close