Sensex Tanks Over 850 Points On Weak Global Cues, Nifty Trades Below 16,450
NDTV
Indian equity benchmarks on Friday plunged sharply in opening deals, taking cues from the global markets.
Indian equity benchmarks on Friday plunged sharply in opening deals, taking cues from the global markets. Asian shares tumbled today after investors expressed concerns that rising interest rates could hurt global economic growth.
Overnight on Wall Street, the Dow Jones Industrial Average and the S&P 500 both fell more than 3 per cent, and the Nasdaq Composite shed 4.99 per cent in its biggest single-day plunge since June 2020 to close at its lowest level since November 2020.
Back home, the 30-share BSE Sensex dived 879 points or 1.58 per cent to 54,823 in early trade, while the broader NSE Nifty moved 253 points or 1.52 per cent down to trade at 16,429.
Mid- and small-cap shares were neagtive as Nifty Midcap 100 fell 2.38 per cent and small-cap shed 2.91 per cent.
