Tuesday, 8 September 2015

Market Crashes: Sensex ends below 25000

The Sensex ended at 15-month low while Nifty was at 14-month low at closing. The 30-share index ended down 308.09 points or 1.2 percent at 24893.81, and the 50-share index slipped 96.25 points or 1.3 percent at 7558.80. The Nifty has lost 17 percent from its highest level in 2015 and the Bank Nifty lost nearly 25 percent. The band-aids from the 2008 financial crisis are coming off and the wounds haven't really healed, says Shankar Sharma of First Global. However he does add that macro-economic fundamentals remain strong.

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