Shares slip as Sonia Gandhi quits Lok Sabha

India's benchmark index slipped by as much as 0.5 per cent in late trade on Thursday after Congress President Sonia Gandhi said she would quit as a Member of Parliament.

India's benchmark index slipped by as much as 0.5 per cent in late trade on Thursday after Congress President Sonia Gandhi said she would quit as a Member of Parliament.

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"It is just a knee-jerk reaction from some retail participants in a market that was alrady top-heavy," said an institutional broker. "It's nothing to worry about."

The 30-share BSE index closed provisionally down 0.18 per cent at 10,821.60 points.