Sensex slips over 100 points on weak global cues

The S&P BSE Sensex plunged over 150 points in morning trade, tracking Asian markets which were trading lower after China factory activity contracted and the yuan weakened to near a five-year low. The Nifty50 came under pressure to break below its crucial support level of 7,950, weighed down by losses in IT, oil & gas, metal, banks and auto stocks.