Sensex, Nifty slump over 1 percent to 1-1/2 month low

Reuters Market Eye - The Sensex and the Nifty both fall more than 1 percent. The benchmark heads towards the seventh session of decline in eight after marking its lowest intraday level since Oct. 29.

Falls tracking rupee's decline to 13-month low after a sharp rate hike in Russia raised global growth concerns.

Blue-chips decline: ICICI Bank and Sesa Sterlite fall 3 pct each.

Sliding oil prices and a downbeat China factory survey also weighed on Asian shares.

India's trade deficit widened to an 18-month high of $16.86 bln in Nov.

Overseas investors sold shares worth of 4.56 bln rupees ($72.6 mln) on Monday - NSE.

 

($1 = 62.8000 rupees)

(Reporting by Abhishek Vishnoi)