The benchmark BSE Sensex plunged nearly 310 points to crash below the
psychologically important 25k-level for the first time in 15 months and
the Nifty cracked the 7,600-level as intense selling remained unabated
on global growth worries.
The 30-share BSE index Sensex plunged 308.09 points or 1.22 % to 24,893.81 and the 50-share NSE index Nifty dropped 96.25 points or 1.26 %to 7,558.80.
A sharp fall in rupee value against the dollar as well as fears about a slowdown in China and growth concerns continued to rattle investors sentiment
In the first three market days of September, global funds have net sold $384 million of Indian stocks, taking outflows this quarter to $2.1 billion, according to Bloomberg.
The 30-share BSE index Sensex plunged 308.09 points or 1.22 % to 24,893.81 and the 50-share NSE index Nifty dropped 96.25 points or 1.26 %to 7,558.80.
A sharp fall in rupee value against the dollar as well as fears about a slowdown in China and growth concerns continued to rattle investors sentiment
In the first three market days of September, global funds have net sold $384 million of Indian stocks, taking outflows this quarter to $2.1 billion, according to Bloomberg.
As FPIs pulled out, the S&P BSE Sensex slipped below the
psychological 25,000-mark for the first time in 15 months. The Nifty
closed 96 points down at 7,559 while the Sensex ended at 24,894, losing
308 points. All the broader and sectoral indices also closed in the red.
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