The Indian stock markets’ key indices, Sensex and Nifty, tumbled by more than 2.5% on Thursday tracking the meltdown in the global equities on fears of a recession in the world economy due to the prolonged Russia-Ukraine conflict.
The 30 stock S&P BSE Sensex tumbled 1,416.30 points or 2.61% to 52,792.23 points against its previous day’s close at 54,208.53 points. Tracking overnight selloff in the Wall Street, the Indian equities markets’ key indices started the trade on Thursday with massive losses. The Sensex opened sharply down at 53,070.30 points and tumbled to a low of 52,669.51 points in the intra-day. The Sensex had lost 109.94 points or 0.20% on Wednesday.