PTI
Mumbai, Mar 23: Benchmark index slipped by as much as 0.5 per cent in late trade on Thursday after the head of ruling Congress party, Sonia Gandhi, said she would quit as a Member of Parliament.
Gandhi said she would also quit a key advisory body after a controversy threatened to disqualify her from Parliament.
"It is just a knee-jerk reaction from some retail participants in a market that was already 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.