Markets see sharp fall on fear of global slowdown, weak Chinese PMI data

Market participants said that China's manufacturing activity falling is a sign of a global economic slowdown

The benchmark indices saw a sharp fall on Wednesday, amid concerns of slowdown in global growth, with China’s manufacturing PMI slipping to a 19-month low. 

The Sensex fell 363 points, or 1 per cent, closing at 35,892. The Nifty ended at 10,792, after falling 117.60 points; losing slightly more than 1 per cent. The markets opened on a muted note on account of weak Chinese PMI Data. 

The Chinese manufacturing gauge fell to 49.7 in December from 50.2 in previous month. This was the lowest reading since May 2017. 

Market participants said that China’s manufacturing activity falling is a sign