Business Standard

Sensex falls more than 500 points on weak global cues

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Reuters

REUTERS - India's stock markets fell on Friday, giving up gains from the previous session on weak global cues and caution ahead of a decisive U.S. jobs report due later in the day.

The benchmark BSE Sensex was down 2.15 percent at 10:55 a.m. after falling as much as 2.21 percent to 25,193.41 earlier in the session.

The broader Nifty fell 2.26 percent after losing as much as 2.34 percent.

A strong jobs number could cement optimism on the global economy and boost share prices but it could rekindle speculation of an early rate hike, which could hurt risk assets, particularly in emerging economies.

 

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First Published: Sep 04 2015 | 11:01 AM IST

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