After Tuesday's 240 points fall, the Sensex at the Bombay Stock Exchange dropped another 160 points, or 0.9 per cent, to 17,374, in opening trade, today, on selling by funds and retail investors, amid slumping global markets. But the market soon rebounded smartly, and the Sensex stood 61 points, or 0.4 per cent in the green, at 17,595, a short while ago. Other Asian markets in Japan, China, Hong Kong, Taiwan, South Korea, Indonesia, and Singapore fell between 0.3 per cent and 2 per cent, today. The US Dow Jones Industrial Average had tanked 2.7 per cent, overnight, amid heightened concerns over banks' funding conditions in Europe, and a sharp drop in US consumer-confidence measure in June.