Business
Bombay Stock Exchange's (BSE) Sensex lost 2.3% of its value to close at 26,877.48. The National Stock Exchange's (NSE) Nifty, too, lost 2.4% to close at 8126.95.
Updated : Mar 20, 2018, 02:08 AM IST
Bombay Stock Exchange's (BSE) Sensex lost 2.3% of its value to close at 26,877.48. The National Stock Exchange's (NSE) Nifty, too, lost 2.4% to close at 8126.95.
The mid-cap and small - cap sectors indices closed down around 1.72% each.
The rupee after registered decent gains on Monday lost its ground and breached 64-level mark to close at 64.16.
What are the reasons that's causing this churn in the market?
The government is failing to sweep the capital gains tax issue under the mat. Foreign investors are spooked and multiple reassurances by the government, too, are failing to calm nerves.
Moreover, other emerging markets are performing better and the depreciation in rupee is stemming the inflow of foreign in the Indian stock markets.
Nifty closed below 8200 losing its key resistance of 8282. The Nifty volatility index, India VIX stood at 20.5450 up around 10.30%.
Global cues continue to play havoc on the Indian markets as well. European stock markets are slipping even as bond yields are rising.