World stock markets plunged on Monday after a near-9 per cent dive in China shares and a tumble in oil prices, while US stocks were on track to end the day with steep losses even after a striking comeback in a volatile day.
The Sensex plunged 1,624 points, or 5.94%, to 25,741.56, its sharpest intraday drop since June 2009. The Nifty plunged 490 points.
US stocks finished sharply lower on Monday, but far above the session's floor, following a bruising day in global financial markets sparked by mounting worries over the Chinese economy.
Volatile global markets showed signs of a respite from the recent blood-letting on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China's economy was risking...
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