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Bloodbath on Indian Markets, Nifty opens at 1-year low, both indices down 5 per cent in opening

The Indian markets followed the path of the global bloodbath in stock indices, and both the indices of India opened with heavy selling pressure. The Nifty 50 index tanked 5 per cent in the opening, marking one of the highest falls since COVID during opening, and opened at 21,758.40 points with a decline of 1,146.05 points or -5 per cent. Meanwhile, the BSE Sensex was down by 5.29 per cent, opening with a decline of 3,984.80 points or 5.29 per cent, at 71,379.8.