Indian stock markets nosedived today to their lowest in the last two years following the down fall of Asian and European bourses after the US Federal Reserve warned of significant risks to global economic growth.
The 30-scrip sensitive index (Sensex) of Bombay stock exchange closed at a disappointing 16,342.42 points after shedding 722.73 points or 4.24 percent. The lowest of the day was 16,316.03 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also nosedived by 214.4 points or 4.18 per cent to close at 4,918.85 points at the end of the business.
Stocks of realty, metals, oil and gas, capital goods and banking indices are among the worst sufferers today.
