Sensex slumps more than 500 points, Indian market continues to wobble
Market reports said BSE Sensex and Nifty fell over 2 per cent as traders remained wary of taking positions ahead of the crucial US jobs data which will be released later in the day.
The selloff from foreign investors comes despite the government earlier this week announcing relief to foreign investors on minimum alternative tax.
Besides worries over global economy, concerns over slowdown in Indian economy, pace of reforms and weak monsoon have weighed on the market sentiment.
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