The selling spree continued at Indian equities markets Tuesday with a benchmark index falling over 550 points over the US sovereign debt downgrade.
The 30-scrip sensitive index of the BSE, which fell 558 points soon after opening, recovered a bit but was still trading with a loss of 428.43 points. The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red at 4,981.45 points, down 2.68 %.
Other major Asian markets too were losing heavily, tracking the huge losses overnight at Wall Street and despite efforts by policymakers around the world to restore confidence in financial markets.