Singapore Nifty (SGX Nifty) falls by 6 Percent, BSE Sensex drops 710 points

The global market meltdown has taken a toll on Singapore Nifty or SGX Nifty with the index falling by 6 percent on Thursday. The stocks were down by 200 points at 3,139. The Singapore Nifty (SGX Nifty) was expected to fare better than Indian stock market, but that was not the case.
Meanwhile, BSE Sensex continued moving downwards with losing over 710 points in the first hour of trading. The Nifty too lost over 220 points. RBI's decision to cut the CRR (Cash Reserve Ratio) failed to bolster the market or improve the confidence of the investors. The bloodbath at Dalal Street continues...