Sensex, Nifty slump to 7-month lows amid heavy sell-off in domestic markets

The sell-off in domestic markets resumed on Thursday, with the benchmark Nifty ending at a seven-month low. Slowing growth and turmoil in the financial sector continued to plague investors. The Sensex ended 470 points or 1.3 per cent lower at 36,093 — its lowest close since March 1.

The Nifty dropped 136 points or 1.25 per cent to close at 10,705 — its lowest since February 19. Both indices have declined more than 3 per cent this week, amid a sharp pullback by overseas investors.

Experts said foreign portfolio investor (FPI) outflows could continue, because the US dollar was seen firming up