MUMBAI 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)
Trending On Reuters
Prime Minister Narendra Modi has just suffered a bruising election setback, yet his party appears in no mood to compromise with the main political opposition to get stalled economic reforms back on track. Read