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