Benchmark indices BSE Sensex and NSE’s Nifty 50 fell over 3% amid selloff in global markets. In opening trade, the Sensex plunged 1,037 points to 33,723.53 and the Nifty 50 slumped 321 points to 10,138.60. Asian share markets sank in a sea of red after US stocks suffered its worst drubbing in eight months.
Shanghai shares touched their lowest since late 2014, while Japan’s Nikkei fell 3.4%. In US, the S&P 500 ended Wednesday with a loss of 3.29% and the Nasdaq Composite 4.08%, while the Dow shed 2.2%.
Oil prices dropped to extend big losses from the previous session as global stock markets suffered a rout. Here are the latest updates from the markets: