The BSE Sensex was down 524.96 points to close at 58,490.93, while the Nifty50 fell 188.30 points to 17,396.90 and formed a bearish candle on the daily charts. According to pivot charts, the key support levels for the Nifty are placed at 17,298.2, followed by 17,199.5. If the index moves up, the key resistance levels to watch out for are 17,559.2 and 17,721.5.US MarketsWall Street fell in a broad sell-off on Monday, with the S&P 500 and Nasdaq suffering their biggest daily percentage drops since May, as fear of contagion from potential collapse of China's Evergrande drove investors out of equities in a flight for safety.The Dow Jones Industrial Average fell 614.41 points, or 1.78%, to 33,970.47, the S&P 500 lost 75.26 points, or 1.70%, to 4,357.73 and the Nasdaq Composite dropped 330.07 points, or 2.19%, to 14,713.90.Asian MarketsGlobal stock markets on Tuesday were caught in the grip of contagion fears sparked by troubles at China Evergrande as growing risks the property giant could default on its massive debt prompted investors to flee riskier assets.Japan's Nikkei fell 2.0%, resuming trade after a market holiday on Monday while MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2%. MSCI's ACWI shed 0.13%, a day after the gauge of the world's 50 stock markets lost 1.63%, its biggest decline in two months, and leaving it teetering at its lowest level in two months.
The BSE Sensex was down 524.96 points to close at 58,490.93, while the Nifty50 fell 188.30 points to 17,396.90 and formed a bearish candle on the daily charts. According to pivot charts, the key support levels for the Nifty are placed at 17,298.2, followed by 17,199.5. If the index moves up, the key resistance levels to watch out for are 17,559.2 and 17,721.5.US MarketsWall Street fell in a broad sell-off on Monday, with the S&P 500 and Nasdaq suffering their biggest daily percentage drops since May, as fear of contagion from potential collapse of China's Evergrande drove investors out of equities in a flight for safety.The Dow Jones Industrial Average fell 614.41 points, or 1.78%, to 33,970.47, the S&P 500 lost 75.26 points, or 1.70%, to 4,357.73 and the Nasdaq Composite dropped 330.07 points, or 2.19%, to 14,713.90.Asian MarketsGlobal stock markets on Tuesday were caught in the grip of contagion fears sparked by troubles at China Evergrande as growing risks the property giant could default on its massive debt prompted investors to flee riskier assets.Japan's Nikkei fell 2.0%, resuming trade after a market holiday on Monday while MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2%. MSCI's ACWI shed 0.13%, a day after the gauge of the world's 50 stock markets lost 1.63%, its biggest decline in two months, and leaving it teetering at its lowest level in two months.