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Sensex cracked over 450 points, Nifty hit its highest intra-day fall since July 27. The rupee took a major hit against US dollar to touch its fresh two-year low. Most of the Asian markets were also trading with deep cuts on concerns of deceleration in the Chinese economy.
India's NSE index futures on SGX falls 1.3 pct to 8,270 after broad selloff in global markets on growth worries.NSE index has key short-term support at around 8,300 level as per options data and 200 EMA.Also, levels around 8,300 have served as mild supports thrice over the last two months.S&P 500, after Thursday's 2.2 pct decline, has turned negative YTD.
Bharti Airtel was the top Nifty loser, down 4.6 per cent at Rs 362. Vedanta, Tata Motors, Hero MotoCorp, Yes Bank, ICICI Bank, State Bank of India, Bank of Baroda, Tata Steel and Hindalco also fell 3-4 per cent each.
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India's NSE index futures on SGX falls 1.3 pct to 8,270 after broad selloff in global markets on growth worries.NSE index has key short-term support at around 8,300 level as per options data and 200 EMA.Also, levels around 8,300 have served as mild supports thrice over the last two months.S&P 500, after Thursday's 2.2 pct decline, has turned negative YTD.
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