Sensex slumped nearly 1,274.35 points to 33,482.81 points, while Nifty declined 371.40 points to 10,295.15 tracking global selloff amid strong US jobs data.
Earlier yesterday, Indian stock markets finished lower on Monday with the headline indices Sensex and Nifty closing in red for the fifth straight day following the global sell-off in equity markets.
Both Nifty and Sensex fell nearly 3.5%, their biggest fall since August 2015.
Japan’s Nikkei 225 share benchmark has fallen 7.1%, its biggest point drop since November 1990.
Other Asian markets have also plunged on opening as panic spread following Wall Street’s record-breaking loss
New York led the downwards spiral as the Dow Jones suffered its worst daily points decline in its 122-year history, wiping out all its 2018 gains.
In Hong Kong the Hang Seng Index closed down 4.9%. Sydney plummeted by 3.2% – ASX’s worst day since last June.
Singapore was 2.3% down, Seoul 3%, Taipei 3.7%, Manila 2.7% and Shanghai 2.1%.
Indian markets are already under pressure after the government presented budget that focused on populist measures ahead of general elections in 2019 and imposed a long-term capital gains tax on equities