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Fall in share prices reflect happenings in world market: FM

Unperturbed over fall in the stock markets, Finance Minister P Chidambaram said the downslide reflected happenings in the world market.

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NEW DELHI: Unperturbed over fall in the stock markets, Finance Minister P Chidambaram on Monday said the downslide reflected happenings in the world market.
    
"Asian markets have slipped today because of fears of recession in the US, what is happening in India shows that we are not as decoupled as we think we are," Chidambaram said in reply to a query from Bajaj Auto Chairman Rahul Bajaj over the fall in share prices in the Indian markets on Monday.
    
He said: "I don't think we need to worry too much about that. This is really reflecting what is happening in the world market."
   
The Bombay Stock exchange benchmark, Sensex, on Monday dipped by 571 points in early trade.

 

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