Sensex, Nifty Join Global Selloff on Trade War Fears

Sensex tumbles 1.22% to 75,364, while Nifty declines 1.49% to close at 22,904 points

- Press Trust of India

MUMBAI: Equity benchmarks Sensex on Friday slumped over 900 points to crash below the 76,000 level due to an across-the-board sell-off, tracking weak global markets amid growing global trade war fears.

Besides, heavy selling in market heavyweights Reliance Industries, Larsen & Toubro and Infosys and a sharp correction in global crude prices, indicating recessionary fears, added to the gloom, analysts said.

The 30-share BSE Sensex tumbled 930.67 points or 1.22% to settle at 75,364.69. During the day, it plummeted 1,054.81 points or 1.38% to hit an intraday low of 75,240.55.

The broader NSE Nifty declined 345.65 points or 1.49% to close at 22,904.45. In the session, the 50-share benchmark gauge 382.2 points or 1.64% to 22,867.90.