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Sensex down over 1000 pts on global rout, Nifty down 3%

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Benchmark indices opened weak on weak global cues. Asian shares and US stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.
The S&P BSE Sensex opened over 1,000 points lower while the Nifty50 index slipped over 300 points. At 9:17 am, the S&P BSE Sensex was trading at 33,499 down 1257 points, while broader Nifty50 index was ruling at 10,294 down 372 points. Both indices, however, recovered marginally as trade progressed.
S&P mini futures fell as much as 2.5 per cent to nearly four-month lows in Asia, extending their losses from the record peak hit just over a week ago to almost 12 per cent.
MSCI’s broadest index of Asia-Pacific shares outside Japan slid 3.5 per cent to a one-month low, which would be its biggest fall in more than a year and a half, a day after it had fallen 1.6 percent.

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