Sensex falls over 1%, closes at 15-month low

The BSE Sensex fell more than 1 per cent 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 per cent of long-term average this year, weakening further from the previous forecast of 88 per cent of the long-term average, NewsRise reported, quoting a senior weather office official.

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

The broader NSE index ended down 1.26 per cent, its lowest close since July 15, 2014.

(Reuters)