MUMBAI (Reuters) - India's stock markets closed nearly 2 percent lower on Thursday as selling by foreign investors continued amid worries that a likely weak monsoon may delay key reforms and further cuts in borrowing costs.
The 30-share BSE Sensex fell 1.75 percent or 469.52 points to end at 26,370.98 while the broader Nifty closed 1.96 percent or 159.10 points lower at 7,965.35.
The 50-share Nifty broke its psychologically important 8,000 level during the day for the first time since May 7.
Both indexes ended at their lowest in nearly eight months.
