Sensex drops on foreign selling fears

The Sensex and the Nifty dropped on Friday as India's review of a tax treaty with Mauritius and the rupee's slide to four-month lows exacerbated fears about foreign outflows.

May 04, 2012 / 16:24 IST

The Sensex and the Nifty dropped on Friday as India's review of a tax treaty with Mauritius and the rupee's slide to four-month lows exacerbated fears about foreign outflows.

Auto stocks were the worst hit, with the auto index down 4.8% for the week, while the NSE Bank Nifty lost 3.4% in the same period.

The 30-share BSE index provisionally fell 1.89% to 16,827.50 points, while the 50-share NSE index ended down 1.96% at 5,086.85 points.

first published: May 4, 2012 04:02 pm

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