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Sensex gets dips to the worst low in three months

Markets collapsed like a pack of cards as the Sensex crashed below the 26,000-mark by sinking almost 538 points, its worst fall in more than three months, hit by a China sell-off and geo-political tension in the Middle-East, with the rupee plunging 47 paise against the dollar.

As a result, gold glittered on its safe-haven appeal.

The total investor wealth, measured in terms of the collective value of all listed stocks, fell to Rs 99,39,378 lakh crore, down from Rs 100.93 lakh crore at the end of last trading session on Friday.

The benchmark Sensex ended the day lower by 537.55 points, or 2.05 per cent, at 25,623.35 as jittery investors sold off shares across all sectors, including banking, auto, capital goods, realty and healthcare.

The index’s slide, hurt by weak Asian cues following worries over China slowdown and a fall in the yuan, was its steepest since 541-point fall on September 22 last year.

The barometer had gained about 201 points in the past two sessions.

The broader NSE Nifty cracked below the 7,800-mark by tanking 171.90 points, or 2.16 per cent, to 7,791.30 at the close.

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