In intraday trade, the Sensex plunged 1,037 points to 33,723.53 and the Nifty 50 slumped 321 points to 10,138.60. Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 closed over 2% lower on Thursday amid selloff in global markets. In opening trade, the Sensex plunged 1,037 points to 33,723.53 and the Nifty 50 slumped 321 points to 10,138.60.
In global markets, the biggest stock slump since February rolled from the U.S. through Europe and Asia on Thursday, reported Bloomberg, with benchmarks from Tokyo to London slumping as fresh fears for global trade added fuel to a recent selloff. The worst of the declines were in Asia, where China’s Shanghai Composite gauge tumbled more than 5% intraday. By comparison, European losses were more contained; the Stoxx Europe 600 Index and Britain’s FTSE 100 both slipped less than 2%. Oil prices slumped to two-week lows as global stock markets fell.

3.37 pm IST
Closing bell: Sensex, Nifty fall over 2%
BSE Sensex closed 759.74 points, or 2.19%, down at 34,001.15, while the Nifty 50 ended 225.45 points, or 2.16%, lower at 10,460.10. In opening trade, the Sensex plunged 1,037 points to 33,723.53 and the Nifty 50 slumped 321 points to 10,138.60.

3.11 pm IST
TCS shares down 3% ahead of Q2 results
TCS shares traded 3.11% lower at Rs 1,979.50 per share on BSE ahead of the company’s September-quarter results announcement. TCS is estimated to post a sequential dollar revenue growth of 3.3% in the July-September period.

2.57 pm IST
Angel Broking recommends BUY on M&M with PT Rs 1,050
“We expect strong PAT growth on back of healthy growth in automobile segment (on back of new launches and face lifts in some of the model) and strong growth in Tractors segment coupled by its strong brand recall and improvement in rural sentiment,” said Angel Broking Ltd. The stock traded 3.93% down at Rs 734.15.

source: livemint.com