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  1. Top 4 reasons why BSE Sensex tumbled over 450 points today

Top 4 reasons why BSE Sensex tumbled over 450 points today

BSE Sensex crashed over 480 points or 1.81% today to trade at 26354.95. Here are top 4 reason why:

By: | New Delhi | Updated: November 17, 2015 11:43 AM
Indian shares, BSE Sensex, NSE Nifty

Investors have turned cautious ahead of Index of Industrial Production (IIP) data for April and Consumer Price Index (CPI) data for May scheduled. (Express Photo)

The Benchmark BSE Sensex tumbled 469.52 points to close at 26,370.98; NSE Nifty cracked 8,000-mark by falling 159.10 points to 7,965.35. Here are top 4 reason why the Indian market delivered on of its worst performance today:

#Investors have turned cautious ahead of Index of Industrial Production (IIP) data for April and Consumer Price Index (CPI) data for May scheduled to be released tomorrow.

#Faltering monsoon added to the market’s gloom: Investors are concerned that a weak monsoon may delay further interest rate cuts by the Reserve Bank of India

#Worry over Narendra Modi-led government taking populist measures on land acquisition in the Parliament.

#Amid worries over slow reforms and retrospective taxes, overseas investors have sold nearly $112 million worth of cash shares in June so far, adding to the $902.38 million worth shares sold in the previous month, depository and exchange data showed.

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