BSE Sensex drops on global risk aversion
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)
- Tweet this
- Share this
- Digg this
- Newtown massacre shooter indulged dark obsessions online, report says
- UPDATE 6-Sold-out Cosby show goes ahead amid sex assault claims
- Obama signs order expanding U.S. Afghanistan role - NY Times
- Obama to be chief guest at Republic Day celebrations
- Sold-out Cosby show goes ahead amid sex assault claims
Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts. Article