India's LARGEST EVER political poll. Have you participated yet?
  • search

BSE Sensex falls 550 points after Wall Street bloodbath; Nifty breaks 10,400 in opening

By Madhuri
Subscribe to Oneindia News
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Indian markets have opened in the red after another global rout driven by Wall Street plunge. The benchmark (BSE) Sensex is down by 500 points, and broader Nifty is down by 150 points. The S&P 500 slumped 3.8% on Thursday, while the Dow dropped 4.2% as losses accelerated late in the trading day.

    Bloodbath in stock markets again; BSE Sensex plunges 500 points

    At 9:18 am, the S&P BSE Sensex was trading at 33,917, down 495 points, while the broader Nifty was ruling at 10,403, down 173 points.

    Meanwhile, Rupee opened weaker against the US Dollar at 64.42.

    Earlier on Thursday, the 30-share BSE Sensex was up 330.45 points or 0.97 percent at 34,413.16, and the 50-share NSE Nifty gained 100.20 points or 0.96 percent at 10,576.90.

    US stocks began to wobble last Friday after a healthy US labour market report sparked a spike in bond yields and fears of rising inflation which could trigger more central bank rate hikes.

    OneIndia News

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more