Indian shares tumbled almost 5 per cent yesterday
 
 
By Jo Johnson in New Delhi
Tuesday, April 03, 2007
 
Indian shares tumbled almost 5 per cent yesterday, following the central bank's interest rate rise on Friday in its latest attempt to cool an overheating economy.

The benchmark BSE Sensex index fell by 617 points, or 4.72 per cent, to 12,455, and the Nifty index lost 188 points, or 4.92 per cent, to 3,634, marking a significant setback for a market that has been among the best- performing in the world over the past three years.