Sensex slips as government faces no-trust motion [Reuters]
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Source: Reuters
Sensex slips as government faces no-trust motion | Reuters 3 Min Read (Reuters) - Indian shares erased early gains on Wednesday, with the benchmark BSE index falling from a record high, as the opposition parties tabled a no-confidence motion against Prime Minister Narendra Modi’s government. Modi’s government has a clear majority in the 545-member lower house of the parliament, but the opposition is hoping to make political gains by highlighting slow job growth and deteriorating law and order. The broader NSE Nifty fell 0.3 percent to 10,974.95 as of 0710 GMT while the benchmark BSE Sensex dropped 0.41 percent to 36,369.75. The BSE index touched its record high of 36,747.87 in early trade. Index heavyweight Reliance Industries Ltd, down 1 percent, was the biggest drag on the indexes. Metal stocks and consumer stocks also took a hit with Tata Steel Ltd plunging 4.4 percent and Hindustan Unilever Ltd falling 2.1 percent. Meanwhile, private sector financial companies such as Housing Deve
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