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The S&P BSE Sensex slipped over 200 points in trade on Wednesday following Asian markets which were trading lower after weak factory survey from China fuelled fears of an entrenched global economic slowdown.The fall in the index was led by losses in ICICI Bank, L&T, HDFC, Tata Motors, Axis bank and ITC. 

The 50-share Nifty index broke below its crucial psychological support level of 7,800, and was now trading around its crucial level of 7,750, weighed down by losses in Pharma, auto, capital goods, metal, realty, and power stocks. 

India's Bajaj Finance Ltd plans to raise funds selling bonds maturing in five years, three merchant bankers said onTuesday. The non-banking finance company will pay an annual coupon of 8.80 percent on these bonds.