Mumbai: Indian equity markets continued their downward trend today with both the Sensex and Nifty sinking nearly two percent in the early trade. The Bombay Stock Exchange thirty share index Sensex was trading at 56,809 at 10 30 am with a decline of 1.8 percent.
Similarly, the broad based Nifty was trading at 16,970 with a decline of 1.8 percent. Weak global cues are said to be the reason behind the crash. The monthly expiry of January month derivatives contracts and the US Fed decisions have impacted the investor sentiments much. Metals, IT, Automobiles, FMCG, Banking sectors faced the wrath.