Sensex falls 2,000 pts in 9 days as economic slowdown makes investors wary

Economic slowdown and election uncertainty make investors wary of domestic equities amid flare-up in US-China trade tensions

The equity markets on Monday resumed their downward journey with the benchmark Sensex declining 372 points, or 1 per cent, to end at 37,091, while the Nifty50 index declined 131 points, or 1.2 per cent, to close at 11,148. Both indices logged their ninth consecutive session of decline and ended at two-month lows.

Since April 26, when the losing run started, the Sensex has declined nearly 2,000 points, or 5.1 per cent. On the other hand, the Nifty has shed over 600 points, or 5.2 per cent, in the past nine sessions — its longest losing streak since May 2011.