Global equities rout on US growth concerns sends Sensex, Nifty down

MUMBAI: Stock market benchmark indices Sensex and Nifty crashed nearly 3 per cent on Monday following extremely weak trends in global equity markets amid fears of a slowdown in the US economy.

The 30-share BSE Sensex plummeted 2,222.55 points or 2.74 per cent to settle at over a month’s low of 78,759.40, marking its worst single-day retreat since June 4, 2024.

During the day, it tanked 2,686.09 points or 3.31 per cent to 78,295.86.

The NSE Nifty slumped 662.10 points or 2.68 per cent to settle at 24,055.60.

During the day, it tumbled 824 points or 3.33 per cent to 23,893.70.

Nifty also saw its worst single-day fall since June 4, 2024, when markets crashed more than 5 per cent due to general election results.

An over 12 per cent plunge in Japan’s Nikkei and geopolitical tensions in the Middle East dented market sentiment, analysts said.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled sharply lower.