Sensex, Nifty Open in Red After After US Stocks Take Huge Plunge

India.com News Desk
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Sensex, Nifty Open in Red After After US Stocks Take Huge Plunge

US stocks have plunged more than 1,000 points for the second time this week and the stock market was now in a correction -- 10 per cent off its record high just two weeks ago, the media reported.

New Delhi, Feb 8: Indian stock markets opened in red tumbling to two-month low on Friday after US stocks fell dramatically around 4 per cent. While the Sensex opened over 500 points down at 33,911.17, Nifty also opened on a negative note.

US stocks have plunged more than 1,000 points for the second time this week and the stock market was now in a correction — 10 per cent off its record high just two weeks ago, the media reported.

The Dow finished with a decline of 1,033 points or 4.15 per cent to 23,860.46 on Thursday, the second-worst point drop in history, eclipsed only by Monday’s historic 1,175-point nosedive, reports CNN .

The S&P 500 dropped 100.66 points, or 3.75 percent, to 2,581.00. The Nasdaq Composite Index tumbled 274.82 points, or 3.90 perc ent, to 6,777.16.

Key Indian equity indices closed on a higher note on Thursday (February 9). The wider Nifty50 of the National Stock Exchange (NSE) closed higher by 100.15 points or 0.96 per cent at 10,576.85 points.

The 30-scrip Sensitive Index (Sensex) of the BSE closed at 34,413.16 points — up 330.45 points or 0.97 per cent from its previous session’s close.

(With inputs from Agencies)