Market Live: Sensex falls 550 points, Nifty near 10,400 as global markets plunge

Indian benchmark indices fell over 1.50% in opening trade on Friday after US stocks plunged around 4% on Thursday in another dramatic session. The S&P 500 slumped 3.8% on Thursday, while the Dow dropped 4.2% as losses accelerated late in the trading day. The rupee weakened to a fresh two-month low against US dollar after fears of higher interest rates by the US Federal Reserve led to a fresh plunge in global markets. Here are the latest updates from the markets 

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