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Sensex slumps below 17k more pain seen
Shares tumbled on Friday after a junior minister said the country was reviewing its tax treaty with Mauritius, sparking fears of outflows from foreign investors. A falling rupee and weak global markets added to the negative sentiments. The Bombay Stock Exchange (BSE) benchmark, Sensex, fell 1.87 per cent, or 320.11 points, to 16,831.08. This was the lowest close for the 30-stock index since January
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