Mumbai: The BSE Sensex and Nifty fell more than 2 percent on Monday, their biggest single-day drop in two months, on increased expectation of a rate hike by U.S. Federal Reserve following stronger-than-expected jobs data.
The Nifty closed down 2.03 percent to 8,756.75, while the Sensex fell 2.05 percent to 28,844.78.
The fall tracked losses in regional markets, with the MSCI`s broadest index of Asia-Pacific shares outside Japan down 1.17 percent.
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