Most Asian markets opened down on Thursday morning, following another nightmare day's trading in Europe and the US. Agency reports said European governments scrambled to reassure turbulent markets after the continent's major stock exchanges plunged Wednesday amid concerns that core eurozone economies such as France and Italy were saddled with unsustainable public debt.

The Bombay Stock Exchange benchmark Sensex ended the session today down by 112.83 points or 0.66 per cent at 16,877.35.

Although India’s policy-makers moved to soothe the nervous markets with reassurances on the economy’s fundamentals, stocks fell on Monday, catching the global flu in the aftermath of the US credit-rating downgrade by Standards and Poor’s (S&P) on last week

The US credit rating cut and uncertainties about Europe’s debt situation is a cause forconcern. According to Anuj Puri, Chairman and Country Head, Jones LangLaSalle India, the potential negatives would be:

The Bombay Stock Exchange benchmark Sensex ended the session with a loss of over 290 points due to downgrade of US credit rating by Standard & Poor’s and Eurozone debt woes.