Staging a smart recovery, the Sensex at the Bombay Stock Exchange stood just 27 points, or 0.2 per cent in negative territory, at 16,043 in afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had lost as much as 232 points, or 1.4 per cent, to drop below the 16,000 level, at 15,839, on heavy selling by funds and retail investors, amid falling global markets.Key stock indices in Japan, China, Hong Kong, Indonesia, Japan, Singapore, Taiwan and South Korea were beaten down by between 1.4 percent and 3.3 percent, today, on worries about capital flight from Greek lenders, and as Spain slipped into a recession.The US Dow Jones Industrial Average had plunged 1.2 per cent in yesterday's trade.