The benchmark index for Indian equities on Monday fell sharply to close below 16,000 level after industrial output contracted to 5.1 per cent in October.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at higher 16,354.96 points, closed at 15,870.35, down 343 points, from its previous close at 16,213.46 points.
PERSPECTIVE: Market bloodbath: Worse yet to come?The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended in the red at 4,764.60 points, down 102 points from its previous close.
India's industrial production saw a staggering decline in October, with a negative shrinkage of minus 5.1 per cent in output mainly owing to huge fall in manufacturing and mining sectors.
Manufacturing output registered a negative growth of (-) 6 percent, while mining activity declined to (-) 7.2 percent.
Broader markets too ended in losses with the BSE 500 index closing 2.15 percent lower. The BSE midcap index ended 2.08 percent down while the BSE small cap index shed 1.62 percent lower.
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