Mumbai: Indian Benchmark indices-the BSE Sensex and NSE Nifty begun the trading day on a weak note, marking the second consecutive session of losses due to negative global cues and growing recession fears affecting investor sentiment across various sectors.
At the opening bell, the Sensex fell by 1,273.99 points, or 1.57%, to 79,707.96, while the Nifty dropped 378.00 points, or 1.53%, to 24,339.70. Approximately 439 stocks advanced, 2,362 stocks declined, and 158 stocks remained unchanged.
Meanwhile, US futures showed significant declines, with Nasdaq futures down over 2%, pushing the Nasdaq into correction territory as it has fallen 10% from its all-time highs. In Asia, Japanese markets led the losses, with the Nikkei and Topix dropping as much as 7%.