Sensex plunges over 1,000 points, Nifty dives 3.55 per cent lower

Massive selling erupted in the Indian equities market on Tuesday morning, as the two key indices -- S&P BSE Sensex and NSE Nifty -- opened around 3 per cent lower

Representational Picture

Massive selling erupted in the Indian equities market on Tuesday morning, as the two key indices -- S&P BSE Sensex and NSE Nifty -- opened around 3 per cent lower. Accordingly, the barometer 30-scrip Sensitive Index (Sensex) on the BSE opened lower by over 1,000 points or 2.90 per cent from Monday's close.

Similarly, the wider Nifty50 of the National Stock Exchange receeded deep into the red. It plunged by over 300 points or 3.00 per cent.

Stocks across Asia plunged today after a record-breaking loss on Wall Street, extending a global rout as panicked investors reacted over rising US borrowing costs and cash in profits after months of market euphoria.

The leading US stock market index on Monday closed down 4.6 per cent at 24,345.75, BBC reported.The fall surpasses a previous record 777.68 points drop on the Dow Jones during the financial crisis in 2008.

Catch up on all the latest Mumbai, National and International news here

Download the new mid-day Android and iOS apps to get updates on all the latest and trending stories on the go

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!