Fresh 3rd explosion in Japan makes global markets jittery

By Varinder Bansal, Research Analyst at CNBC-TV18

The US markets recovered from day's low. Fresh third explosion reported in Japan on Tuesday morning makes global markets jittery.

The Dow Jones Industrial Average ended down 51 points at 11,993, after seeing recovery of 96 points from day's low of 11,897.

The NASDAQ Composite was down 15 points at 2,700, after seeing recovery of 19 points from day's low of 2,682.

The S&P 500 Index fell 8 points at 1,296, after seeing recovery of 10 points from day's low 1,286.

US Declining Sectors: Utilities fell 1.4%, Telecom lost 1.1% and Consumer Discretionary slipped 1.1%

Asian markets opened down; Nikkei was down 6%. Hang Seng was down 1.3%, Straits Times down 1.1%, Taiwan down 0.8%, Shanghai down 0.33% and Kospi down 0.24%. SGX Nifty fell 0.82% and Dow Future lost 0.75%.

European shares hit 3-month low: CAC was down 1.3%, DAX down 1.65% and FTSE down 1%.

Talk of increasing the bailout package for eurozone countries to 440 billion euros from 250 billion euros dragged markets down; euro rallied 0.7% post the news.

Other markets; Greece