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22.05 - 02:37
Stock markets crash 6% as US-China tension rattles investors
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MUMBAI: Indian stock markets succumbed to selling pressures on Monday as global weakness and concern around macros weighed on sentiment.
Weak corporate earnings for March quarter also led to the fall. Benchmark indices saw their biggest single-day decline since 23 March.
The BSE Sensex ended at 31,715.35, down 2,002.27 points or 5.94%, while the 50-share index Nifty closed at 9,293.50, down 566.40 points or 5.74%.
Markets in Hong Kong and South Korea were down 2-4% as tension between US and China escalated. Markets in China, Japan and Thailand were closed on Monday for a holiday.
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