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Sensex dips further after govt crackdown on tax evasion

A broker monitors share prices while trading at a brokerage firm in Mumbai Photograph: (Reuters)

Reuters Bengaluru, Karnataka, India Aug 08, 2017, 01.14 PM (IST)

Indian shares ended lower for a second consecutive session on Tuesday on concerns over a broad government crackdown on suspected illegal offshore transfers and tax evasion after an unexpected regulatory order by the capital markets regulator.

Financial and consumer stocks were top contributors to the fall.

The benchmark BSE Sensex closed down 0.80 per cent at 32,014.19, its lowest close since July 20.

The broader NSE Nifty ended 0.78 per cent lower at 9,978.55, its lowest close in two weeks.

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