Sensex ends at 6-1/2 month closing low as rupee breaches 64
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Sensex ends at 6-1/2 month closing low as rupee breaches 64
Last Updated : May 08 2015 | 11:35 AM IST
Mumbai/ New Delhi, May 08 (ANI): The Bombay Stock Exchange (BSE) Sensex fell for the third straight session, closing at its lowest level in near 6-1/2 months on continued selling by foreign investors due to worries over retrospective taxes and a delay in land acquisition bill. The Sensex closed down 0.44 percent at 26,599.11, while the broader Nifty fell 0.49 percent to 8,057.30. The Sensex closed at its lowest level since Oct. 21, 2014, while the NSE (National Stock Exchange) index finished at its lowest level since Dec. 17, 2014. Market expert, Sunil Shah, said there were multiple negative reasons responsible for the fall. Another market expert Akash Jindal also cited the concerns of foreign investors to be one of the main reasons.