Experts said that the markets tanked owing to global rout.
The domestic equity markets caught on to the global fever as both the equity benchmarks cracked in trade on Thursday. The S&P BSE Sensex sank as much as 1,037.36 points and the Nifty50 hit 10,138.60 level, 321.5 points below its previous close. The Sensex opened at 34,063.82 and the Nifty at 10,169.80. At 2:30 pm, the Sensex traded at 33,945.80, with a loss of 815.09 points or 2.34 per cent, and the Nifty was at 10,224.75, down 235.35 points or 2.25 per cent. The Sensex had hit an intra-day low of 33,723.53 and the Nifty of 10,138.60. Experts said that the markets tanked owing to global rout witnessed across Asia after Wall Street suffered its worst drubbing in eight months.