Indices tumble as worries over second wave of infections cloud sentiment

Fed's assessment of a long-lasting damage to US economy dented risk appetite

The benchmark indices fell, along with other global markets on Thursday, as worries over a second wave of infections clouded investor sentiment. The US Fed’s assessment of a long-lasting damage to the US economy also dented risk appetite.

The Nifty ended at 9,902, a fall of 2.1 per cent or 214 points. The Sensex, on the other hand, tumbled 709 points or 2.07 per cent to end the session at 33,538. It was the biggest single-day loss for both indices since May 18.

Most global equities tumbled nearly 2 per cent, with the US futures indicating another day of losses