Sensex hit by political instability
The two day bull-run was reversed on Tuesday with investor sentiment being hit by political instability at the Centre. The Bombay Stock Exchange benchmark Sensex closed lower by over 170 points
The 30-share Sensex, which had notched up over 430 points in past two sessions, today lost 176.34 points at 13,349.65. It touched the day’s low of 13,049.96 and a high of 13,451.67 points. National Stock Exchange index Nifty also fell by 41.45 points at 3,988.55.
Selling pressure gathered momentum following Left’s decision to withdraw support to the UPA government at the Centre.