The benchmark Sensex plunged by over 450 points at the midsession today.
Indian markets are also likely to open with a downward gap of more than 2%.
Nifty dropped by 48.15 points or 1.79 per cent to close at 2635.
National Stock Exchange index Nifty also lost 116.40 points at 2,683.15.
Indian market is also likely to open on a weak note.
Nifty dropped by 10.80 points to close at 2799.55.
Traders holding short positions may continue to do so, with a stop loss of 2970.
Global trends are going to steer the market this week.
Volatility has returned to the November series after starting on a bullish note.
Crude oil prices continue to move southward.
