BSE Sensex Drops To Its Lowest Mark In 15 Months

0Shares

The BSE Sensex fell more than 1 percent on Monday, marking its lowest close in 15 months, as fears of a deficient monsoon and weak rupee compounded lingering worries about an economic slowdown in China.

The India Meteorological Department expects monsoon rains to be 82 percent of long-term average this year, weakening further from the previous forecast of 88 percent of the long-term average, NewsRise reported, quoting a senior weather office official.

The benchmark BSE Sensex closed 1.22 percent lower, marking its lowest close since June 4, 2014.

The broader Nifty ended down 1.26 percent, its lowest close since July 15, 2014.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS


Observer News Service

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS