<p>Domestic markets plunged to four-month lows in late morning deals as the benchmark BSE Sensex fell by more than 400 points to crack below the 25,000-level as selling pressure intensified after trading in Chinese shares was suspended for the second time this week.<br /><br />The broader Nifty also slipped below the 7,700 level on across-the-board selling.<br />In addition, weakness in the rupee against the American currency too weighed on the sentiment.<br /><br />In overseas markets, trading in mainland China was suspended for the rest of the day after the CSI300 index tumbled more than 7 per cent in early trade, triggering the market's circuit-breaker for a second time this week.<br /><br />China's central bank again surprised markets by setting onshore yuan's value lower to the US dollar, sending the domestic stock markets tumbling.</p>.<p><br />Persistent foreign capital outflows also affected the market sentiment. Foreign investors sold shares worth Rs 242.48 crores yesterday as per provisional data.</p>.<p><br />The Sensex resumed lower at 25,224.70 and dropped further to 24,991.24 in early trade. After a small recovery, it was trading at 25,011.87, down 394.46 points or 1.55 per cent.<br /><br />The NSE 50-share Nifty also fell by 126.05 points or 1.63 per cent to 7,614.95 at 1100hrs.</p>.<p><br />All the sectoral indices led by metal, capital goods and auto were trading in the negative zone with losses up to 3.12 per cent.<br /><br />Major losers were ONGC (4.34 pc), Maruti (3.97 pc), Tata Motors (3.91 pc), M&M (3.74 pc), BHEL (3.51 pc) and Tata Steel (3.43 pc).<br /><br />Brokers said sentiment remained weak as investors indulged in offloading positions, tracking a weak trend overseas on a slew of negative factors, including crude oil slumping to multi-year lows.<br /><br />In other Asian markets, Hong Kong's Hang Seng index was down 3.05 per cent while Japan's Nikkei shed 1.78 per cent in early trade today. </p>
<p>Domestic markets plunged to four-month lows in late morning deals as the benchmark BSE Sensex fell by more than 400 points to crack below the 25,000-level as selling pressure intensified after trading in Chinese shares was suspended for the second time this week.<br /><br />The broader Nifty also slipped below the 7,700 level on across-the-board selling.<br />In addition, weakness in the rupee against the American currency too weighed on the sentiment.<br /><br />In overseas markets, trading in mainland China was suspended for the rest of the day after the CSI300 index tumbled more than 7 per cent in early trade, triggering the market's circuit-breaker for a second time this week.<br /><br />China's central bank again surprised markets by setting onshore yuan's value lower to the US dollar, sending the domestic stock markets tumbling.</p>.<p><br />Persistent foreign capital outflows also affected the market sentiment. Foreign investors sold shares worth Rs 242.48 crores yesterday as per provisional data.</p>.<p><br />The Sensex resumed lower at 25,224.70 and dropped further to 24,991.24 in early trade. After a small recovery, it was trading at 25,011.87, down 394.46 points or 1.55 per cent.<br /><br />The NSE 50-share Nifty also fell by 126.05 points or 1.63 per cent to 7,614.95 at 1100hrs.</p>.<p><br />All the sectoral indices led by metal, capital goods and auto were trading in the negative zone with losses up to 3.12 per cent.<br /><br />Major losers were ONGC (4.34 pc), Maruti (3.97 pc), Tata Motors (3.91 pc), M&M (3.74 pc), BHEL (3.51 pc) and Tata Steel (3.43 pc).<br /><br />Brokers said sentiment remained weak as investors indulged in offloading positions, tracking a weak trend overseas on a slew of negative factors, including crude oil slumping to multi-year lows.<br /><br />In other Asian markets, Hong Kong's Hang Seng index was down 3.05 per cent while Japan's Nikkei shed 1.78 per cent in early trade today. </p>