Bombay Stock Exchange’s benchmark Sensex recorded a three week slump of 24,685.42 after dropping down to 215 points as investors tried their asset-light strategy on the expectation of fourth quarter results during overseas cues highlighting a risk in global economy.
Even the NSE Nifty slipped down below the 7,600 mark. This resulted in a neutral foreign investment that day as traders started selling in smaller quantities. Meanwhile, finance minister Arun Jaitley said that this slump does not pose any serious threat of depreciation to the rupee as such.
While Japanese Yen strengthened, Maruti Suzuki’s shares fell down 3.44 percent.