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BSE Sensex falls 3 percent on global growth concerns

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Reuters MUMBAI
Last Updated : Jan 06 2015 | 3:23 PM IST

MUMBAI (Reuters) - The BSE Sensex fell as much as 3 percent on Tuesday, heading towards its biggest daily loss since the rupee crisis in 2013 as emerging markets tumbled, while safe-haven assets such as U.S. Treasuries surged.

Investors piled into safe-haven assets and offloaded riskier investments in the face of a weak outlook for global growth and inflation concerns, and growing fears Greece may leave the euro zone.

The BSE Sensex fell as much as 3 percent to 27,000.78, while the broader Nifty dropped as much as 2.9 percent to 8,133.85.

(Reporting by Indulal PM and Abhishek Vishnoi; Editing by Anand Basu)

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First Published: Jan 06 2015 | 3:08 PM IST

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