China, Fed worries and falling commodity prices weigh on market

Sensex posts biggest drop in two months amid global selloff

The Indian markets began the week on a shaky note amid weakness in the global markets as China’s Evergrande Group’s debt woes, falling commodity prices, and concerns over the US Federal Reserve’s policy meeting worried investors.

The benchmark Sensex ended the session at 58,491, down 525 points, or 0.9 per cent—most since July 19. The Nifty, on the other hand, fell 188 points or 1.07 per cent to end the session at 17,397.

Gains in consumer goods stocks cushioned the market help, helping the Indian markets outperform its global peers.

European markets fell over 2 per cent, while US futures