Indian markets open deep in red as West Asia tensions, tech sell-off rattle investors
New Delhi, June 8 -- Indian markets continued to tumble into the red on Monday morning as a combination of geopolitical tensions in West Asia and a sharp correction in global technology stocks triggered aggressive selling by foreign investors. The benchmark indices witnessed heavy losses, tracking a broader sell-off across Asian markets following weak cues from Wall Street over the weekend.
The BSE Sensex plummeted 821.73 points, or 1.11 per cent, to 73,421.61, while the NSE Nifty 50 dropped 286.00 points, or 1.22 per cent, to 23,080.70.
"Indian market futures are pointing to a weak start. The good news is that Indian stocks are at extremely oversold levels, which normally hit strong support zones and bounce back. FPIs remain sellers in...
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