Indian shares plummeted over 1 percent on Tuesday, weighed down largely by rate sensitives after the Reserve Bank of India kept policy rates unchanged and lowered GDP forecast significantly for FY13, in its half-yearly monetary policy review.
The 50-share NSE Nifty fell 67.70 points to close tad below 5600 level the first time since September 20, at 5597.90 despite positive European cues.
Meanwhile, the 30-share BSE Sensex lost 204.97 points or 1.10 percent to 18,430.85 due to weakness in 22 out of 30 components.
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