Sensex Drops Nearly 500 Points, Nifty Ends Below 15,750 On Weak Global Markets

The Indian equity benchmarks fell sharply on Thursday on the back of weak global cues. The Sensex fell as much as 626 point and Nifty 50 index briefly tumbled below its important psychological level of 15,700. Global stocks fell tracking a slump in Asia amid a widening crackdown on the tech sector in China and concern over the strength of the country's economic recovery, while oil prices also sagged on supply uncertainty. ICICI Bank,...