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The S&P BSE Sensex plunged as much as 512 points in trade on Tuesday following Asian markets, which were trading lower as investors are starting to worry that the prolonged slump is signaling a weaker global economy. 

"That fear shook financial markets Monday as oil plunged again, dipping below $50 for the first time in more than five years. The drop prompted a big sell-off, not just among energy stocks, but across the entire stock market." 

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