Indian stock markets nosedive amid weak global cues

NEW DELHI, Jan. 6 (Xinhua) -- Indian stock markets nosedived on Monday, mainly owing to weak global cues and ongoing Foreign Portfolio Investment (FPI) outflows.

While the Bombay Stock Exchange (BSE), or Sensex, dropped by 1,258.12 points, which was a downfall of 1.59 percent, the National Stock Exchange (NSE), or Nifty50, fell by 388.70 points, which was a decline of 1.62 percent, showed their respective offici