Sensex Down By 587 Points, Nifty Slips Below 7,800 Mark

- Alive/NNC Correspondent   01-09-2015


Continuing its poor show the benchmark BSE Sensex plummeted by 587 points to close at over one-year low of 25,696.44 on intensified selling triggered by weak domestic and global macroeconomic data.

A government data yesterday said that domestic growth had slowed down to 7 per cent in the June quarter from 7.5 percent in the previous quarter, while a private survey today showed that China factory output shrank to a three-year low.

Consequently, NSE Nifty also slipped below the 7,800-mark by tumbling 185.45 points or 2.33 percent at 7,785.85.