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It turned out to be a very bad day for indian stock markets as majority of indices witnessed heavy selling by investors after key UPA ally DMK of tamil Nadu withdrew it's support from UPA 2 thus raising fears in stock markets about possible fall of indian government.
The Bombay Stock Exchange's SENSEX closed 285.10 points lower at 19,008.10 . National Stock Exchange's broader index NIFTY declined by 89.30 points to end the day at 5,745.95. DMK withdrawing support from UPA overshadowed RBI's interest rate cut by 25 basis points.
It turned out to be a very bad day for indian stock markets as majority of indices witnessed heavy selling by investors after key UPA ally DMK of tamil Nadu withdrew it's support from UPA 2 thus raising fears in stock markets about possible fall of indian government.
The Bombay Stock Exchange's SENSEX closed 285.10 points lower at 19,008.10 . National Stock Exchange's broader index NIFTY declined by 89.30 points to end the day at 5,745.95. DMK withdrawing support from UPA overshadowed RBI's interest rate cut by 25 basis points.
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