Sensex tumbles 448.10 pts to 49,054.31 in opening session; Nifty slumps 141.65 pts to 14,800.70.
Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled US benchmarks lower. Japan’s Nikkei 225 sank 2.8% and Hong Kong lost 2.4% early Tuesday.
Despite reassurances from the Federal Reserve and a much weaker than expected US jobs reading last week, investors have refocused on the potential for surging prices to pressure central banks into tapering off on their massive stimulus and ultra-low interest rates, analysts said.
