Sensex drops over 200 points, Nifty slips below 10,150
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The BSE benchmark Sensex dropped over 200 points on Wednesday amid rising tension between the Reserve Bank of India and the government.
Investor sentiment turned weak in early session on reports that the government may invoke certain provisions to issue directions to the central bank.
The BSE Sensex turned choppy after opening higher, and was trading 163.74 points, or 0.48 per cent, lower at 33,727.39. It fell as much as 237.65 points on early trade.
The 30-share index had fallen 176.27 points, or 0.52 per cent, to 33,891.13 in Tuesday’s session.
The NSE Nifty saw similar movement, trading 62.55 points, or 0.61 per cent, down at 10,135.85. The bourse had as much dropped 79.95 points in morning session.
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