China in mind, investors and markets in India gripped in some panic

Indian equities indices extended losses for the third trading session on Wednesday due to escalating geo-political tensions in Asia after North Korea said it tested a hydrogen bomb weighed on markets. Already upset of geopolitical tensions in the Middle East and China’s economic slowdown worries to the world markets. The Sensex ended lower by 174.01 points or 0.68% at 25,406.33 and the Nifty ended down by 43.65 points or 0.56% at 7,741. The broader markets also performed weak with the BSE small-cap index ending 0.42% down while the mid-cap fall 0.29%.

Meanwhile, India Services PMI reading, which rose to a 10 month high of 53.6 in December, 2015 driven by a significant rise in new business orders failed to cheer the market mood.

U.S. stocks closed lower more than 1% on Wednesday as global growth concerns, low oil prices and increased geopolitical tensions. The Dow Jones industrial average dropped 252.15 points, or 1.5%, to 16,906.51. The S&P 500 index lost 26.45 points, or 1.3%, to 1,990.26, for its fourth loss in five days. The Nasdaq composite gave up 55.67 points, or 1.1%, to 4,835.76.

Crude oil prices hit its lowest level in over 11 years on Wednesday as worries about the global economic outlook. WTI crude oil slumped 5.6% to USD 33.97 a barrel, to the lowest price level since 2004 and in Europe, Brent crude oil declined USD 2.19, or 6% to USD 34.23 a barrel.

European stocks ended down 1% on Wednesday, due to concern over slown down global economy growth and geopolitical tensions.  The Stoxx Europe 600 index dropped 1.3% to close at 354.35. Germany’s DAX 30 index dropped 0.9% to 10,214.02, while France’s CAC 40 index lost 1.3% to 4,480.47. The U.K.’s FTSE 100 index fell 1% to 6,073.38.

Asian stocks fell to a three-month low on Thursday and China’s stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7%, due to concerns about the economy. Japan’s NIKKEI 225 fell 1.9% while Korea's Kospi lost 0.9%. Australia’s S&P/ASX 200 Index lost 1.55% and New Zealand’s S&P/NZX 50 Index declined 0.6%. While on domestic front, A SGX Nifty 50 index future for January Series traded down 78 points at 7,656. Indian markets may open gap down following other Asian market.