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Sensex, Nifty opens in red amidst global sell-off

The BSE Sensex fell 159.79 points or 0.44 percent to 36,110.28 in early trade while the NSE Nifty dropped 45.40 points or 0.42 percent to 10,842.95.

Sensex, Nifty opens in red amidst global sell-off

New Delhi: Markets opened in red on Monday tracking global cues.

The BSE Sensex fell 159.79 points or 0.44 percent to 36,110.28 in early trade while the NSE Nifty dropped 45.40 points or 0.42 percent to 10,842.95.

Asian share markets stumbled on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year, a Reuters report said.

MSCI`s broadest index of Asia-Pacific shares outside Japan shed 0.25 percent in early trade while Japan`s Nikkei tumbled 1.5 percent.
On Monday, MSCI`s broadest gauge of the world`s stock markets, ACWI, slumped to its weakest level since May 2017, having declined 16 percent from a top hit on Jan. 29.

In New York, the S&P 500 lost 2.08 percent to hit its lowest since October 2017. The Nasdaq Composite dropped 2.27 percent, with Amazon , one of the best performing shares this year, dropping 4.5 percent.

With Agency Inputs