Sensex Dives Over 600 Points, Nifty Slips Below 14,500

Asian markets got off to a slow start on Monday as holidays in China and Japan crimped volumes

The domestic stock markets dived by more than 1 per cent at opening bell due to weak cues from the global front. Asian markets are trading lower, Wall Street ended lower over the weekend and trends on SGX Nifty indicate a negative start for the broader index in India. At 9:19 am, the BSE Sensex was trading at 48,132.55, lower by 637 points or 1.34 per cent and the NSE Nifty was at 14,457.05, down 171.45 points or 1.16 per cent. Asian markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery. Wall Street ended lower on Friday, with Amazon, Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports. The Dow Jones fell 0.54 per cent, while the S&P 500 lost 0.72 per cent and Nasdaq Composite dropped 0.85 per cent.