Stock markets in bear grip so far

Stock markets in bear grip so far

Indian stock markets  fell more than 3 percent on Two day and headed for their biggest daily falls in nearly six months, hitting their lowest levels since May 2014, as fears of a slowdown in the global economy hit markets worldwide.

State Bank of India fell 2.6 percent after saying quarterly net profit fell nearly two-thirds, below estimates.India's broader Nifty was down 3.4 percent after earlier falling as much as 3.5 percent to below 7,000 points, its lowest level since Prime Minister Narendra Modi was elected in May 2014.BSE SENSEX ended at 22951 with 807 points loss,NIFTY ended at 6976 with 239 point loss.