Markets slump amid political uncertainty

Investors sold shares amid political uncertainty after the DMK withdrew suport to the ruling United Progressive Alliance and the Reserve Bank of India said that

Markets ended over 1% down on Tuesday amid political uncertainty after the DMK withdrew support to the ruling United Progressive Alliance and the Reserve Bank of India said that the headroom for further monetary easing remains quite limited.

The Dravida Munnetra Kazhagam (DMK) pulled out of the Congress-led UPA coalition on Tuesday in protest against the government's position on a U.S.-backed United Nations resolution on war crimes carried out during Sri Lanka's civil war.

The 30-share Sensex provisionally ended down 279  points at 19014 and the 50-share Nifty provisionally ended down      89 points at  5,746.