Just before closing, the Sensex had fallen 541 points to 33,137.73, while the Nifty was trading at 10,186.90
News that Rex Tillerson had been sacked rattled US equities
NSE Nifty fell 37.90 points or 0.36 per cent to 10,388.95
The BSE Sensex extended gains for the second straight day by rising about 139 points in opening trade on sustained buying by domestic institutional investors amid a firm trend at other Asian bourses
Brokers said buying by domestic institutional investors amid a firm trend at other Asian bourses led the markets higher
Overseas markets were shaky as global trade war concerns intensified after the resignation of White House economic adviser Gary Cohn, brokers said.
World stocks and emerging markets fell for the fifth straight day on Monday, hammered by fears of a global trade war and the prospect of political instability in Europe after inconclusive elections in Italy
The benchmark Sensex closed down 0.40 per cent at 34,046.94
The Sensex closed down 0.47 per cent at 34,184.04.