A government data yesterday said that domestic growth had slowed down to 7 percent 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.
    
The market witnessed all-round heavy selling in banking, metal, realty, capital goods, PSU, auto, consumer durables, oil&gas, power, FMCG, healthcare and IT stocks.
    
The concerns of a Chinese economy and a possible rate hike from US Fed kept the markets around the globe under pressure.
    
The BSE 30-share gauge resumed with a downside gap and gradually moved southward to break 26,000-mark to a low of 25,579.88 before concluding at 25,696.44 -- logging a steep
fall of 586.65 points or 2.23 percent.
    
Both the indices -- BSE Sensex and NSE Nifty -- are at their lowest levels since August 2014.

 

 

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