Tumbling Sensex and Rupee may be hinting at end of India story

Indian equities took a big tumble on Friday after it rained GDP downgrades and foreign investors hinted that the India story might be coming to an end. The Sensex lost 253 points, or 1.56%, to end the day at 15,965 while the Nifty closed 82.65 points, or 1.68%, lower at 4,841.60. The weak European markets, as also lacklustre economic data from China, also dampened sentiment.

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