MUMBAI (Reuters) – 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.
(Reporting by Indulal PM; Editing by Gopakumar Warrier)
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