Reported 18 days ago
India's equity cash trading value has plummeted to its lowest level in almost a year, driven down by a broader market selloff that pushed the NSE Nifty 50 Index close to correction territory, having fallen around 8% from its peak in September. The 10-day moving average turnover on Indian exchanges reached approximately $12 billion, a figure not seen since early December, amid disappointing earnings and persistent foreign selling. Market participants are now hopeful for government spending to stimulate the economy in the forthcoming quarters.
Source: YAHOO