BENGALURU, Aug 5 (Reuters) - Indian shares fell over 1.5% on Monday, in their steepest intra-day drop in two months, weighed by a sell-off in global markets on fears of a likely slowdown in U.S. economic growth.
The NSE Nifty 50 index was down 1.6% at 24,330, as of 9:15 a.m IST, and the S&P BSE Sensex down 1.6% at 79,680.
U.S. jobs growth slowed more than expected in July, data showed on Friday, sparking fears of an economic slowdown.
Asian equities tumbled, with the MSCI Asia ex-Japan index dropping 2.7%. Wall Street closed lower on Friday.
While Indian stocks fared relatively better than its Asian peers, the rupee fell to a record low and bond yields dropped to their lowest in 2 years. (Reporting by Sethuraman NR in Bengaluru; Editing by Savio D'Souza)
