Sensex, Nifty post biggest single-day fall in two months

Mumbai: The BSE Sensex and Nifty fell more than 2 per cent on Monday, their biggest single-day drop in two months, on increased expectation of a rate hike by US Federal Reserve following stronger-than-expected jobs data.

The Nifty closed down 2.03 per cent to 8,756.75, while the Sensex fell 2.05 per cent 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.