Global rout extended to Indian markets with the S&P BSE Sensex closing at 1,624 points down. The 50-share Nifty index ended at 7,809 level. The rupee slumped to as low as 66.69 per dollar, its lowest since September, 2013, as Asian markets reeled under fears of a China-led global economic slowdown.

1. Factors Which Pushed Sensex Lower
by Over 1600 Points

2. China Slowdown Rattles Investors
Across the Globe
Global equities markets have seen more than $5 trillion wiped off their
value since China's shock devaluation of the yuan on August 11 which
sparked fears the world's second-largest economy is weaker than
thought, said the report.
Source: Economic Times

3. Wall Street Sell-off Weighs On
Sentiment
On Friday, US markets recorded its steepest one-day drop since 2011.
Weak Chinese manufacturing data, and another drop in China's stock
market, rattled investors' nerves and led to Friday's tumble.
Source: Economic Times

4. Oil Prices - US Crude at Six Year Low
Brent and US crude oil futures hit their fresh 6-1/2-year lows as
investors continue to worry about weak demand as China's economy
slows amid a global supply surplus.
Brent oil lost 44 cents at $45.02 a barrel as of 0125 GMT after hitting its
intraday low of $45.00 earlier the day. That's the lowest since $42.59
marked in March of 2009.
Source: Economic Times

5. Sharp Selling by Foreign Investors
Overseas investors have pulled out nearly Rs 2,000 crore from the
Indian stock markets since the beginning of August, amid concerns over
Chinese economy coupled with sharp erosion in the value of rupee.
The net outflow by FPIs in equities stood at Rs 1,943 crore during
August 3- 21, while they invested a net sum of Rs 79 crore in the debt
market during the period, which works out to a net outflow of Rs 1,864
crore, according to depository data.
Source: Economic Times

6. Greek Woes Deepen
Adding to uncertainty for investors Greek Prime Minister Alexis Tsipras
resigned on Thursday last week and called for new elections.
Greek opposition leaders made zero progress on Sunday as they pressed
on with trying to form a new coalition, said a Reuters report.
Source: Economic Times

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