MUMBAI (Reuters) - The BSE Sensex and Nifty fell more than 2 percent on Monday, their biggest single-day drop in two months, on increased expectation of a rate hike by U.S. Federal Reserve following stronger-than-expected jobs data.
The Nifty closed down 2.03 percent to 8,756.75, while the Sensex fell 2.05 percent to 28,844.78.
The fall tracked losses in regional markets, with the MSCI's broadest index of Asia-Pacific shares outside Japan down 1.17 percent.
(Reporting by Indulal PM; Editing by Gopakumar Warrier)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app