Benchmark equity index Sensex slumped more than 1,200 points on Tuesday, its biggest fall since August 2015, tracking a huge selloff in world equities after Wall Street logged record decline overnight. At 12:00 pm, BSE Sensex was at 33,741.82, down 2.92% or 1015.34 points, while the broader NSE Nifty 50 was trading lower by 2.91%, or 311.30 points at 10,355.90. Among the sectoral indices, BSE Realty was the top loser which was down 5.13%, followed by BSE Basic Materials, down 3.76%, and BSE Bankex and Metal Index, down 3.52% and 3.46% respectively. All the 30-stocks in Sensex Index were trading lower. Tata Motors Ltd cracked nearly 10% after it reported lower than expected earnings due weak performance by JLR. Other major losers were in the banking sector. Yes Bank Ltd slumped 4.3%, Axis Bank 4.2% while ICICI Bank Ltd 3.5%.
On Monday, the Dow Jones Industrial Average fell nearly 1,600 points during the session, its biggest intraday decline in history, on fears quickening inflation may lead to higher rates by the US Federal Reserve. Elsewhere in Asia, Japan’s Nikkei was down 5.4%, while China’s Shanghai Composite Index shed 4.7%.

Benchmark equity index Sensex slumped more than 1,200 points on Tuesday, its biggest fall since August 2015, tracking a huge selloff in world equities after Wall Street logged record decline overnight. At 12:00 pm, BSE Sensex was at 33,741.82, down 2.92% or 1015.34 points, while the broader NSE Nifty 50 was trading lower by 2.91%, or 311.30 points at 10,355.90. Among the sectoral indices, BSE Realty was the top loser which was down 5.13%, followed by BSE Basic Materials, down 3.76%, and BSE Bankex and Metal Index, down 3.52% and 3.46% respectively. All the 30-stocks in Sensex Index were trading lower. Tata Motors Ltd cracked nearly 10% after it reported lower than expected earnings due weak performance by JLR. Other major losers were in the banking sector. Yes Bank Ltd slumped 4.3%, Axis Bank 4.2% while ICICI Bank Ltd 3.5%.
On Monday, the Dow Jones Industrial Average fell nearly 1,600 points during the session, its biggest intraday decline in history, on fears quickening inflation may lead to higher rates by the US Federal Reserve. Elsewhere in Asia, Japan’s Nikkei was down 5.4%, while China’s Shanghai Composite Index shed 4.7%.