September 29, 2016 / 7:46 AM / 10 months ago

Sensex ends down as tensions flare up with Pakistan

1 Min Read

A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India, February 11, 2016.Danish Siddiqui/File Photo

REUTERS - Indian shares posted their biggest declines since the Brexit vote in June, after India said it had conducted "surgical strikes" on suspected militants preparing to infiltrate from Pakistan-ruled Kashmir.

The Nifty ended down 1.76 percent to 8,591.25, posting its biggest daily percentage fall since June 24, the day after the Brexit vote. Early in the day, the index dropped as much as 2.1 percent to its lowest intraday level since Aug. 29.

The Sensex closed down 1.64 percent at 27,827.53.

Reporting by Darshana Sankararaman in Bengaluru; Editing by Sherry Jacob-Phillips

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