News > Sensex Dives Over 1,000 Points Amid Weak Global Cues; Nifty Breaks Below 17,000

Sensex Dives Over 1,000 Points Amid Weak Global Cues; Nifty Breaks Below 17,000

The Indian fairness benchmarks plunged sharply on Thursday as world markets slipped. Asian shares fell to their lowest in additional than 14 months, short-term U.S. yields rose to 23-month highs and the greenback strengthened after the Federal Reserve’s chairman signalled plans to steadily tighten coverage.

Additionally, buyers turned cautious on rising issues over political tensions between Russia and Ukraine.