India's stock markets crash by nearly 1.5 percent

NEW DELHI, Dec. 20 (Xinhua) -- India's stock markets, the Bombay Stock Exchange (BSE) or Sensex and the National Stock Exchange (NSE) or Nifty-50, crashed by nearly 1.5 percent on Friday, revealed their official websites.

While the BSE closed 1,176 points, or 1.49 percent, down at 78,041.59, the NSE settled at 23,587.50, down 364 points, or 1.52 percent.

The crash resulted in a net loss of 9 trillion Indi