Sensex crashes 624 points, Nifty below 11,000 amid worldwide sell-off

Market players said the government needed to announce market-friendly measures to revive investor sentiment

The domestic equity markets dropped on Tuesday, joining other global peers, after a string of bad news hit sentiment, prompting investors to seek refuge in safe-haven investments such as gold. Continuing political unrest in Hong Kong, a market rout in Argentina, and trade concerns between the US and China kept investors on tenterhooks.  

The Sensex fell 624 points, or 1.67 per cent, to end at 36,958, while the Nifty 50 index dropped 184 points, or 1.7 per cent, to close at 10,926. If not for a 10 per cent jump in shares of Reliance Industries, the Sensex would have dropped