Stock markets slump after sharp rally in previous session on fresh tensions in West Asia

MUMBAI: (Apr 9) Equity benchmark indices Sensex and Nifty slumped on Thursday afternoon trade after an impressive rally in the previous session as fresh tensions in West Asia threatened the ceasefire reached between the US and Iran.

Weak trends in Asian markets and unabated foreign fund outflows also drove the markets lower.

The 30-share BSE Sensex dropped 938.55 points or 1.21 per cent to hit an intra-day low of 76,624.35. The 50-share NSE Nifty declined 237.9 points or 0.99 per cent to 23,759.45.