ALL FALL DOWN

STOCK MARKETS AROUND THE WORLD TOOK A BATTERING ON TUESDAY, FOLLOWING A DRAMATIC SELL-OFF ON WALL STREET TRIGGERED BY FEARS OF A FASTER RATE HIKE BY THE U.S. FEDERAL RESERVE.

All stock markets across the world ended in the red, leading to concerns that a healthy pullback from record highs could turn into a protracted bear market. The selloff in Dow eroded all gains seen since the begining of 2018 in two days.

Falls like this have not been registered since August 2011 when investors were fretting over Europe’s debt crisis and the debt ceiling impasse in the US. The Sensex started off plunging below 1,275 points, but later recovered some losses due to value...