India's main index suffered a sell-off this morning after an earthquake registering 8.7 on the richter scale struck off the coast of nearby Indonesia.
The Bombay Sensex was down 0.5% or 88.75 points, falling to 17,155 shortly after the earthquake struck. It later recovered some of the losses.
The Indian authorities have already issued their own tsunami warning, after the earthquake occurred under the sea off Indonesia's northern Aceh province. It triggered a tsunami warning across the Indian Ocean region.
The Pacific Tsunami Warning Center said it was not yet known whether a tsunami had been generated, but advised authorities to "take appropriate action".
The region is regularly hit by earthquakes with the Indian Ocean tsunami of 2004 killing 170,000 people in Aceh.
The US Geological Survey (USGS), which documents quakes worldwide, said the Aceh quake was centred 33km (20 miles) under the sea about 495km from Banda Aceh, the provincial capital, according to the BBC.
It was initially reported as having a magnitude of 8.9 but was later revised down to 8.7 by the USGS.
Indonesia's own exchange - the Jakarta Composite Index - is currently closed.
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