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Sensex falls for 4th day amid GST Bill debate

Shares of automobile and logistics companies fell sharply on Wednesday after running up sharply in recent weeks on hopes of successful passage of the GST Bill

BS Reporter  |  Mumbai 

The Indian markets on Wednesday fell for the fourth straight session tracking losses in other emerging markets, as crude oil prices fell below $40 a barrel. Investors turned cautious, as they awaited the passage of the goods and services tax (GST) Bill in the Upper House. The benchmark indices fell the most in a month, while the midcap index dropped the most in five months.

The Sensex closed at 27,697.51, down 284.2, or 1.02 per cent, while the Nifty 50 index lost 78 points, or 0.9 per cent, to end at 8,544.85. The NSE Midcap index fell nearly two per cent. Fuelled by overseas flows of $1.7 ...

First Published: Wed, August 03 2016. 22:46 IST
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