BSE Sensex Drops To Its Lowest Mark In 15 Months

07/09/2015 7:33 PM IST | Updated 15/07/2016 8:25 AM IST
PUNIT PARANJPE via Getty Images
An Indian man watches stock prices on a digital broadcast on the facade of the Bombay Stock Exchange (BSE) building in Mumbai on September 1, 2015. The Sensex ended 587 points down at 25,696 on close of trading on September 1. AFP PHOTO/ PUNIT PARANJPE (Photo credit should read PUNIT PARANJPE/AFP/Getty Images)

The BSE Sensex fell more than 1 percent on Monday, marking its lowest close in 15 months, as fears of a deficient monsoon and weak rupee compounded lingering worries about an economic slowdown in China.

The India Meteorological Department expects monsoon rains to be 82 percent of long-term average this year, weakening further from the previous forecast of 88 percent of the long-term average, NewsRise reported, quoting a senior weather office official.

The benchmark BSE Sensex closed 1.22 percent lower, marking its lowest close since June 4, 2014.

The broader Nifty ended down 1.26 percent, its lowest close since July 15, 2014.

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