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