Sensex Crashes 2,227 Points, Nifty Slumps 743 Amid Global Recession Fears

The benchmark domestic equity indices plunged around three per cent today amid escalating trade tensions and mounting recession concerns in the US.

However, domestic equities remained more resilient as compared to global peers that witnessed sharper cuts. The 30-share index at the Bombay Stock Exchange, Sensex, tumbled 2,227 points to close at 73,138.

The National Stock Exchange Nifty-50 plummeted 743 points to settle at 22,162. The broader market indices at the BSE also witnessed selling pressure. The Mid-Cap index dipped over 3.4 per cent, and the Small-Cap index dropped over 4.1 per cent.