Sensex is down after china fact



Domestic markets plunged to four-month lows in late morning deals as the benchmark BSE Sensex fell by more than 400 points to crack below the 25,000-level as selling pressure intensified after trading in Chinese shares was suspended for the second time this week. The broader Nifty also slipped below the 7,700 level on across-the-board selling.
In addition, weakness in the rupee against the American currency too weighed on the sentiment.In overseas markets, trading in mainland China was suspended for the rest of the day after the CSI300 index tumbled more than 7 per cent in early trade, triggering the market's circuit-breaker for a second time this week.China's central bank again surprised markets by setting onshore yuan's value lower to the US dollar, sending the domestic stock markets tumbling.