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Markets bleed again as Sensex tanks over 500 points; Nifty drops below 10,400

The barometer 30-scrip Sensitive Index (Sensex) of the BSE was down 410.71 points at 34,002.45 and the 50-share NSE Nifty dropped below 10,400.

Edited by: India TV Business Desk, Mumbai [ Updated: February 09, 2018 10:05 IST ]
Picture for representational purpose
Picture for representational purpose

Key Indian equity indices opened in the negative territory amid fresh global selloff on Friday.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE was down 410.71 points at 34,002.45 and the 50-share NSE Nifty dropped below 10,400.

The Sensex has so far touched a high of 34,017.73 points and a low of 33,849.65 points during the intra-day trade. The BSE market breadth was bearish with 1,331 declines and 194 advances.

Meanwhile, US stocks have plunged more than 1,000 points for the second time this week and the stock market was now in a correction -- 10 per cent off its record high just two weeks ago.

The Dow finished with a decline of 1,033 points or 4.15 per cent to 23,860.46 on Thursday, the second-worst point drop in history, eclipsed only by Monday's historic 1,175-point nosedive, reports CNN .

The S&P 500 dropped 100.66 points, or 3.75 percent, to 2,581.00. The Nasdaq Composite Index tumbled 274.82 points, or 3.90 perc ent, to 6,777.16.

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