'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
Muhammad Ali's hometown of Louisville will honour the former boxing champion on Friday with a procession through the Kentucky city and public funeral at a sports arena, a tribute befitting a local hero who achieved global stature as a humanitarian.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Seeing the potential of shale gas, Reliance Industries moved early to secure a foothold in the Marcellus shale reserves in the US.
Companies write off investments, shed assets as initial projections go haywire
The death of Muhammad Ali, the former heavyweight champion known as much for his political activism as his boxing brilliance, triggered a worldwide outpouring of affection and admiration for one of the best-known figures of the 20th century.
More than 60 years ago, a bicycle thief in Louisville, Kentucky, unknowingly set in motion one of the most amazing sports careers in history.
Bikash Mohapatra salutes boxing legend Muhammad Ali.
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