The BSE Sensex slumped 480 points or 1.6 %, while the Nifty
declined nearly 150 points below the key 8,250 levels in morning trade
on Friday Aug 21,2015.
47 of the 50 stocks on the blue chip Nifty index traded lower in morning trade, indicating the magnitude of selloff in domestic equities.
The Sensex has now shed nearly 800 points in two sessions
The continued depreciation in the Indian Rupee, which traded near 66 per dollar, is the biggest dampener for domestic stock markets
The Indian Rupee is now trading at its weakest since September 2013, when India was in the midst of its worst currency turmoil in more than two decades. The rupee, along with most other emerging market currencies, has come under sustained selling pressure since China devalued its yuan on August 11,2015
The Indian Rupee has depreciated by nearly 3% since China started devaluing its currency. That compares with 0.5 %depreciation in the Indian Rupee since January 1, 2015
From August 1 to August 19, 2015 foreign investors have been net sellers to the tune of nearly Rs 3,000 crore in the cash market, but on Thursday Aug 20,2015 they sold shares worth Rs 1,000 crore
47 of the 50 stocks on the blue chip Nifty index traded lower in morning trade, indicating the magnitude of selloff in domestic equities.
The Sensex has now shed nearly 800 points in two sessions
The continued depreciation in the Indian Rupee, which traded near 66 per dollar, is the biggest dampener for domestic stock markets
The Indian Rupee is now trading at its weakest since September 2013, when India was in the midst of its worst currency turmoil in more than two decades. The rupee, along with most other emerging market currencies, has come under sustained selling pressure since China devalued its yuan on August 11,2015
The Indian Rupee has depreciated by nearly 3% since China started devaluing its currency. That compares with 0.5 %depreciation in the Indian Rupee since January 1, 2015
From August 1 to August 19, 2015 foreign investors have been net sellers to the tune of nearly Rs 3,000 crore in the cash market, but on Thursday Aug 20,2015 they sold shares worth Rs 1,000 crore
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