New Delhi: The Sensex today extended losses for the fourth straight session registering their biggest single-day drop in six weeks and ended the day at 27,886.21, down 555.89 points. The broader 50-share Nifty closed session below 8500; at 8,448.1, down 157.9 points.
Fresh fears over the impact of retrospective taxation rattled foreign investors and Indian markets on Monday, according to experts. Overseas investors sold Indian shares worth a net Rs 675 crore ($107.89 million) on Friday, provisional exchange data showed.
Other global events (Grexit) and domestic issues (tax notices to FIIs for past income) also affect sentiment. Reliance lost 5 percent and Hero Motocorp fell 4 percent. Other laggards were HDFC, Cipla and M&M. Top gainers are ICICI Bank and Sun Pharma.
Bureau Report
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