The BSE 30-stock index, sensex, fell nearly 770 points or 4% and the rupee breached the 62 level against the US dollar on concerns among large investors of capital curbs.
NEW DELHI: Attributing the 4% plunge of the BSE sensex to global factors, finance minister P Chidambaram on Friday said the market should not be "so sensitive" to data flowing from the US but reflect Indian conditions.
"I have no doubt in mind, when calm is restored in the market, people will begin to understand India market indicators must basically reflect Indian market conditions. They should not be so sensitive to data coming out of the US," he said on sidelines of an event. Chidambaram also said that Indian markets have taken hits of two days in one day.
The BSE 30-stock index, sensex, fell nearly 770 points or 4% and the rupee breached the 62 level against the US dollar on concerns among large investors of capital curbs. The gold prices too shot up by Rs 1,310 per 10 grams to Rs 31,010.
"I have no doubt in mind, when calm is restored in the market, people will begin to understand India market indicators must basically reflect Indian market conditions. They should not be so sensitive to data coming out of the US," he said on sidelines of an event. Chidambaram also said that Indian markets have taken hits of two days in one day.
The BSE 30-stock index, sensex, fell nearly 770 points or 4% and the rupee breached the 62 level against the US dollar on concerns among large investors of capital curbs. The gold prices too shot up by Rs 1,310 per 10 grams to Rs 31,010.
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