The Bombay Stock Exchange benchmark Sensex resumed lower at 16,237 and dropped further to 16,118 before quoting 217 points down at 16,252 in morning deals. The National Stock Exchange's 50-share Nifty index also moved down by 53 points, or 1.09 per cent, to 4,890 points. A sharp fall in world stock markets amid the rapidly deteriorating global economic outlook, coupled with persistent selling pressure from foreign funds, influenced trading sentiments. Meanwhile, Asian stocks slumped in early trade as the deteriorating global economic outlook scared investors away from risky assets. The key benchmark indices in China, South Korea, Indonesia, Hong Kong, Singapore, Japan and Taiwan fell by between 1.2 per cent and 4.48 per cent. US stocks tumbled on Thursday amid growing fears of a global recession, as investors confronted a grim mix of economic data and fresh concerns about Europe's banks. The Dow Jones Industrial Average closed 3.68 per cent on Thursday. The Standard & Poor's 500-stock index dropped 4.46 per cent, while the Nasdaq Composite lost 5.22 per cent.