BSE Sensex drops on global risk aversion

MUMBAI Mon May 7, 2012 9:35am IST

Traffic travels past the Bombay Stock Exchange (BSE) building in Mumbai December 17, 2007. REUTERS/Punit Paranjpe/Files

Traffic travels past the Bombay Stock Exchange (BSE) building in Mumbai December 17, 2007.

Credit: Reuters/Punit Paranjpe/Files

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MUMBAI (Reuters) - The BSE Sensex dropped more than 1 percent on Monday, as global risk assets sold off after elections in Greece and France fuelled questions on their austerity policies.

The weaker rupee and uncertainty in a day when the Finance Bill containing the controversial provisions is set to be introduced to the parliament also weighed.

The main BSE index fell 1.5 percent to 16,588.32 points, while the Nifty fell 1.5 percent to 5,009.90 points.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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