The Indian stock markets almost caved in on Friday after a crash in the US stock market on Thursday fuelled by a growth scare and fears of further sovereign debt contagion in the eurozone. A sharp 4% slide in the Dow Jones and a weak opening in Asia unnerved investors in what was a nightmarish session characterized by high volatility and poor breadth. Many global experts, however, are optimistic that Asian markets will become more attractive in the months ahead as a result of continuing weakness in the US and Europe.
The Sensex, which plunged 638 points during the day, recovered much of the losses, ending the session 387.31 points lower at 17,305.87. Nonetheless, the cuts were deep and widespread, with small stocks among the worst-hit; the BSE Small Cap Index gave up 3.08%, while the benchmark Sensex fell 2.19%.
Taking a cue from the US markets, stock indices across the region...
Source - http://www.financialexpress.com/news/after-638pt-crash-sensex-ends-day-387-pts-lower/828027/
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