Sensex and Nifty have closed in the red with deep cuts, but way higher than the opening levels. The BSE Sensex, which saw the biggest intra-day volatility since November 2016, closed 561 points down at 34,195. The broader Nifty recovered 200 points to settle at 10,498. The bloodbath earlier wiped out a staggering Rs 9.6 lakh crore from investor wealth in three days with the rout continuing amid sell-off in world markets. The mayhem also pulled down nearly 200 stocks to their respective one-year low levels on BSE. Around 188 stocks, including Aditya Birla Capital, Andhra Bank, Bajaj Hindusthan Sugar, BGR Energy Systems, Central Bank of India, Cummins India and Godfrey Phillips India, hit fresh 52-week lows. But some others managed to make gains. More than 30 companies hit their 52-week high levels and gains in blue- chips such as Bharti Airtel and Tata Steel cushioned the fall in the broader market to some extent. Europe’s stock markets, meanwhile, tumbled by more than 3.0 percent in opening deals, as a fierce global selloff — rooted in fears of rising US interest rates — showed no sign of abating. Shares also tumbled across Asia after the wild day for US markets.
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