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Nifty falls 2 percent, ends at lowest in eight months

Reuters
People look at a screen displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 28, 2015. REUTERS/Shailesh Andrade/Files (Reuters)

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.