U.S. stocks fell on the view that Federal Reserve will continue to raise interest rates. Treasuries soared.
The S&P 500 tumbled the lowest since July 18 and Nasdaq 100 also fell even as U.S. services Purchasing Managers' Index rose to four-month high on pickup in demand. Elsewhere, oil slipped as Saudi Arabia cut oil prices for customers in Asia as demand cools. Gold fell and Bitcoin remained below $20,000.
The Sensex and Nifty are poised to see a gap-down opening on Wednesday, following weak cues from global peers and negative trends on SGX Nifty futures.