Black Monday: Indian Stock Markets Slides

Black Monday for Indian stock markets. Indian stock markets recorded second biggest single day fall on March 3 on heavy selling from funds on global cues. BSE index Sensex went tumbling down by a massive 5.12% or 900.84 points, recording its second biggest fall ever (in absolute terms) in history.

On the global front, week economic data and corporate news from the U.S. on February 29 renewed the worries of a recession.