Sensex, Nifty Clock Biggest Single-Day Fall in Two Weeks
The Indian rupee opened lower against the US dollar.
Nifty ended below 11,600 and Sensex fell 362 points on weak global cues, clocking the biggest single-day fall in two weeks.
Market opened sharply lower with losses of over 1 percent on Monday, 6 May. Sensex shed more than 400 points on opening bell and Nifty opened below 11,600.
The Indian rupee opened lower against the US dollar. The home currency depreciates 0.27% intraday to 69.40 against the greenback.
The Indian currency, on Monday, opened weaker as compared to its closing on Friday, 3 May.
Asian Markets Plunged
President Donald Trump sent Asian markets plunging on Monday after threatening to hike tariffs on USD 200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers.
Shanghai and Hong Kong equities led big losses across the region, with the Chinese yuan also taking a battering after the president threw a spanner into the high-level negotiations, which many observers were expecting to wrap up imminently.
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