Sensesx Registers Massive Fall, Slumps Below 25, 000

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Mumbai: The share market registers sharp fall on Thursday amid a crash in China stocks. The Sensex tumbled over 500 points to below 25,000 while Nifty breached 7,600 – their lowest level in over three weeks. The rupee also fell to inch towards 67/dollar.

Trading in China markets was suspended today much ahead of scheduled close after Shanghai shares tanked more than 7 per cent following a sharp fall in its currency yuan. This is the second time this week trading was suspended in China for the day

The rupee fell to 66.95/dollar today, continuing its recent weakness amid a depreciation of the Chinese yuan. The rupee had closed at 66.82 on Wednesday.

The selling pressure in Indian markets was broad-based today with just two stocks out of the Nifty 50 basket trading higher. Anil Manghnani, director of Modern Shares & Stock Brokers, said 7540 is a crucial level for Nifty and if this level is breached, the index risks falling to 7,300 levels.

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