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)
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The BSE Sensex and Nifty fell more than 2 percent on Thursday to a more than 10-week low on worries foreign investors, whose ownership of domestic shares have hit a record, may trim positions on risk aversion after Saudi Arabia launched air strikes in Yemen. Full Article