Indian shares fell on Tuesday to snap a three-day winning streak despite easing tensions between the RBI and the government, a strengthening rupee and fresh declines in oil prices on concerns over oversupply amid a deteriorating economic outlook.
The benchmark 30-share BSE Sensex dropped 300.37 points or 0.84 percent to 35,474.51, mirroring weak cues from Asia and Europe after high-profile technology and internet companies fell sharply overnight on concerns over slackening demand.
The broader Nifty index fell 107.20 points or 1.0 percent to 10,656.20.
Yes Bank slumped 6 percent on reports of board overhaul. Wipro, Dr Reddy's Laboratories, Indiabulls Housing Finance and Hindalco fell 3-6 percent while IndusInd Bank, Adani Ports and GAIL climbed 1-3 percent.
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