MUMBAI (Reuters) – The BSE Sensex fell to its lowest in nearly six weeks on Wednesday after renewed concerns about the global economy and U.S. debt problems unnerved investors and sent world markets sliding.
The United States stepped back from the brink of default on Tuesday but congressional approval of a last-ditch deficit-cutting plan failed to dispel fears of a credit downgrade and future tax and spending feuds.
The main 30-share BSE index fell 1.2 percent early before paring losses to 0.8 percent at 17,972.77 points by 10:33 a.m. Twenty-eight of its components fell. CLICK HERE
BSE Sensex drops 0.5 pct on growth worries;
MUMBAI (Reuters) – The BSE Sensex fell 0.5 percent early on Tuesday as fresh worries about the global economic recovery after the U.S. reported weak manufacturing data drove world markets lower. Financials and software services companies led the drop.
At 9:15 a.m. (0345 GMT), the 30-share BSE index was down 0.46 percent at 18,233.59 points, with 28 components declining.
The 50-share NSE index was down 0.4 percent at 5,493.30 points.
(Reporting by Prashant Mehra).For more information Click Here.
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