Sensex, Nifty Drop Over 1% Amid Global Sell-Off
Deccan ChronicleMumbai: Sensex and Nifty-50 fell more than one per cent from all time highs registered just a day before on negative global cues and replicating a global sell off on Thursday & Friday. US market benchmarks Nasdaq, S&P 500 and Dow Jones fell overnight on poor earnings reported by technology companies and signs of recession in US economy, which triggered a sharp sell off in Asian markets. Japan's main index Nikkei 225 fell 5.81 per cent, Hong Kong's Hang Seng and China's Shanghai Composite were also down as were the European market benchmarks. The Sensex fell 885.60 points or 1.08 per cent while Nifty-50 fell 1.17 per cent or 293.20 points, the broader market.also fell with BSE Mid-cap index down by 1.19 per cent and BSE Small-cap index down by 0.58 per cent.