Sensex, Nifty fall over 1%; US markets surge after worst Sept in 2 decades

On Friday, foreign portfolio investors (FPIs) bought shares worth nearly Rs 600 crore

India’s equity markets witnessed fresh selling pressure on Monday, after pausing on Friday, as fears of a global recession and monetary policy tightening by central banks prompted investors to stay away from risky assets. Concern about global energy prices and the health of Swiss banking giant Credit Suisse also weighed on sentiment.

The Sensex declined 638 points, or 1.1 per cent, to close at 56,789, while the Nifty50 index fell 207 points, or 1.2 per cent, to end at 16,887. US stocks, however, kicked off the week with gains after seeing their worst September in two decades as Treasury yields halted