SINGAPORE: Nifty stock index futures fell 6 per cent in Singapore on Thursday, indicating a sharply lower market open as global markets reeled from recession worries.
By 0215 GMT, Nifty futures were down 200 points at 3,139. On Wednesday, India's 50-share NSE index fell 5.1 per cent to 3,388.4, while the main 30-share BSE index declined 5.9 per cent.
The MSCI index of Asia-Pacific shares outside of Japan traded 5.4 per cent lower on Thursday after downbeat US economic data spread fears of a deep global slowdown.
On Wednesday, India's central bank slashed its cash reserve requirement for banks for the second time in a week on Wednesday, releasing 400 billion rupees ($8.2 billion) into the banking system to boost money market liquidity.
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