After breaching the 40,000 mark for the first time in six months, the benchmark Sensex Monday crashed 1,382 points from the day’s high to close at 38,628.29 as a fresh India-China flare-up was reported in Ladakh and worries grew over the contraction in India’s first quarter GDP. Implementation of new margin norms from September 1 got added to this mix and led to a sharp sell-off .
The Sensex fell 839 points or 2.13 per cent over Friday’s closing and Nifty at…