Nifty tanks to one month low on China rout, ends below 8,400

In line with global peers, the NSE Nifty tanked 1.74 per cent to one-month low, triggered by China's stock market rout, as a wave of selling led the index to lose 147.75 points to mark below the key 8,400-level.
The bourses witnessed a gap-down opening reflecting steep fall in Asian markets as China suspended trading of their shares for second time in hope of regulating the panicky investors as Shanghai composite index fell by a whopping 5.90 per cent in its initial trade.
The selling was widespread amid volatility with all the counters ended in red, led by Metal (4.03 per cent), Auto (2.37 per cent) PSU Banks (2.06 per cent), Finance (2 per cent), Realty (2 per cent), IT (1.10 per cent) Energy (1.05 per cent), Pharma (0.80 per cent), Infra (0.70 per cent).

The 50-share barometer opened gap down at 8,439.20 and plunged further to 8,341.40 before settling at 8,363.05, showing a fall of 147.75 points, or 1.74 per cent.
Elsewhere, European stocks were slightly higher over hopes of a major breakthrough to ongoing Greece turmoil talk.
Stock-wise, major losers were VEDL (8.10 per cent), Yes Bank (7.48 per cent), Cairn (6.46 per cent), Tata Motors (6.16 per cent), Tata Steel (5.05 per cent) and HDFC (3.53 per cent).
Turnover in the cash segment jumped to Rs 20,590.43 crore as against Rs 17,614.19 crore yesterday.
A total of 10,589.30 lakh shares changed hands in 90,99,581 trades and the total market capitalisation of the NSE stood at Rs 99,482,205 crore.