Sensex, Nifty end at 7-month low; TCS, Infosys, Asian Paints stocks fall

Deteriorating macro fundamentals, lacklustre earnings by key manufacturing companies led to slide

Selloff in global equities saw benchmark indices — Sensex and Nifty — close on Tuesday at levels last seen nearly seven months ago. 

Most Asian and European markets posted steep losses as investors moved money out of risky assets. They opted for safe havens such as gold, Japanese yen and treasuries.

Rising geopolitical tensions, uncertainty over the death of a Saudi journalist and Italy’s budget row were seen as factors impacting global investor sentiment.

Hong Kong, Japanese and South Korean markets fell nearly three per cent, while most European markets traded more than a per cent lower. Meanwhile, Dow Jones futures index was