Indian Stocks Slump Tracking Weakness in US Markets; Sensex Dives over 600 Points

Indian Stocks Slump Tracking Weakness in US Markets; Sensex Dives over 600 Points

Get latest articles and stories on Business at LatestLY. Indian stock indices slumped on Thursday, taking negative cues from the US peers which have declined over weak fiscal sentiment. Business News | Indian Stocks Slump Tracking Weakness in US Markets; Sensex Dives over 600 Points.

Sensex Slumps Over 700 Points in Early Trade as Global Sell-Off Weighs On Markets

New Delhi: Indian benchmark indices opened sharply lower on Thursday, with the Sensex tumbling more than 700 points amid negative global cues and broad-based selling in IT and auto stocks. At 9:26 a.m., the BSE Sensex was down 726.42 points, or 0.89%, at 80,870.21, while the NSE Nifty slipped 225 points, or 0.91%, to 24,588.45. The weakness extended to sectoral indices, with the Nifty Bank losing 336.20 points (0.61%) at 54,738.90. The Nifty Mid…