India shadow banking crisis may return to haunt stock market

The S&P BSE Sensex Index posted its third day of losses on Tuesday, ending a surge since the Sept. 20 announcement of the tax cuts. Financial stocks, which account for 45% of the benchmark index, contributed the most to the declines since late last week, according to data compiled by Bloomberg.

from Hindustan Times - business https://ift.tt/2pwcHcp