Markets extended their fall to 3% on Monday, tracking a selloff in Asian markets after Standard & Poor’s downgraded the US sovereign debt rating and on fears that the world’s largest economy may be sliding back into recession.
At 10:02am, the 30-share BSE index was down 3.1% at 16,771.90 points, with all of its components declining.
The 50-share NSE index fell nearly 3% to 5,056.25 points.
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