Benchmark indices extended losses in morning with the Nifty trading close to psychological 10,000 levels, dragged by weak Asian cues.
The 30-share BSE Sensex was down 310.48 points at 33,379.61 and the 50-share NSE Nifty fell 106.10 points or 1.05 percent to 10,018.80.
Yes Bank, Indiabulls Housing, JSW Steel, NTPC and Hindalco were top losers among Nifty50 stocks, down 3.5-6 percent whereas Tata Motors and GAIL gained a percent each.
Asian shares slipped again, deepening this week's markets rout, after disappointing results from Alphabet Inc and Amazon.com heightened concerns over the outlook for US corporate earnings, global trade and economic growth.
The wobbly start for regional bourses came despite a bounce on Wall Street overnight, which was helped by bargain-hunting and positive earnings from Microsoft Corp.
Predictably, the Nasdaq futures turned down 0.8 percent and Dow Jones futures fell 0.5 percent, underscoring broad worries about US corporate earnings, and the outlook for the economy, which triggered a plunge on Wall Street on Wednesday and sent global markets into a tailspin. Source: Reuters.
In Asia, Japan's Nikkei, Hong Kong's Hang Seng, and South Korea's Kospi were down 1-2 percent followed by China's Shanghai Composite which lost half a percent.
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Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-off-days-low-nifty-holds-10000-bharti-airtel-rebounds-3088811.html
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