Sensex down 175 points; Nifty falls 39 points
The benchmark Sensex and the broader Nifty on Wednesday lost 175.51 and 38.95 points to close at 25,597.02 and 7,848.85 respectively amid selling by foreign funds and mixed Asian cues. Investor sentiment remained nervous on account of a revised tax treaty between India and Mauritius imposing capital gains tax on investments routed through Mauritius from April next year, analysts said.