Mumbai, Feb 9: The markets on Friday took a 407-point plunge after American markets reported a continuous downfall of indices. Many benchmark indices reversed the gains at Bombay Stock Exchange (BSE). The Sensex fell 407.40 points or 1.18 percent to 34,005.76 and the Nifty plunged 121.90 points or 1.15 percent to 10,455.Also Read - Share Market Holiday: BSE, NSE To Remain Closed For 3 Days; Details Here

Earlier, Indian stock markets opened in red tumbling to two-month low on Friday after US stocks fell dramatically around 4 per cent. While the Sensex opened over 500 points down at 33,911.17, Nifty also opened on a negative note. Also Read - Stock Market Soars: BSE Sensex Scales New Peak, Nifty Crosses 17,200

US stocks have plunged more than 1,000 points for the second time this week and the stock market was now in a correction — 10 per cent off its record high just two weeks ago, the media reported. Also Read - Stock Market NSE BSE Share Market Today: Sensex Scales 57,000 For First Time, Nifty50 Nears 17,000

The Dow finished with a decline of 1,033 points or 4.15 per cent to 23,860.46 on Thursday, the second-worst point drop in history, eclipsed only by Monday’s historic 1,175-point nosedive, reports CNN .

The S&P 500 dropped 100.66 points, or 3.75 percent, to 2,581.00. The Nasdaq Composite Index tumbled 274.82 points, or 3.90 perc ent, to 6,777.16.