Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
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* Nifty futures on the Singapore Exchange rose 0.3 percent. The MSCI-Asia Pacific index, excluding Japan rose 0.5 percent. * Asian shares rebounded on Wednesday as U.S. equities rose on solid data and the Federal Reserve's affirmation of its commitment to monetary stimulus, but investors remained wary of political gridlock in Italy reigniting the euro zone financial crisis. * Foreign investors bought 0.74 billion rupees of stocks, while domestic institutions sold 1.60 billion rupees of stocks on Tuesday when the BSE index fell 1.64 percent. * The Indian government will present an annual report on the health of the economy, which is battling the worst slowdown in a decade. (0530 GMT) (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
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