Home / Market Beat / US markets sell off. Nifty and Sensex also correct.

US markets sell off. Nifty and Sensex also correct.

Markets have witnessed correction setting in, as the global cues have brought down the indices and induced selling in the markets.

Earlier, the US markets witnessed a major sell off. The NASDAQ index went down by 129.79 points or -3.1 % which is recorded as the highest daily percentage loss since November 2011. The S&P 500 index has seen a decline of 2% at 1,833. The Dow Jones saw a decline of 1.62%. US markets have witnessed heavy selling in the biotech names. The US biotech index has come down by 5.6%.

Indian markets have opened in the red, following weak global cues.

The NSE Nifty is down by 36 points at 6759, while the BSE Sensex is down by 130 points at 22584.

Metals have seen major corrections. SSLT has lost nearly 2% in today’s trade. Hindalco has also lost 1.6%. Tata Steel is trading at 413.50, with 1% cuts. Jindal steel is down by 1.3%.

ICICI Bank, L&T, HDFC – have all seen cuts of over 1% each. BHEL has lost 1.2%.

Sun Pharma has resumed its northward journey after correcting yesterday. The stock is up by another 2% in today’s trade.

NMDC, Ambuja Cements and Cipla have all moved up by 1% in the trade.



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