At the stock markets, after a weak opening, the Sensex at the Bombay Stock Exchange lost further ground, and had plunged 370 points, or 1.2 percent, to 31,426 a short while ago. The Nifty at the National Stock Exchange had slumped 95 points, to 9,810. The market was dragged down by a huge 12 per cent fall in the stock of IT major, Infosys, after Vishal Sikka resigned as its MD and CEO.
Weak global cues also contributed to the slide, with major bourses in Japan, Hong Kong, South Korea and Singapore losing between 0.1 percent and 1.2 percent. Key European bourses in the UK, Germany and France had slipped between 0.7 percent and 1 percent.
But at the forex market, the rupee had appreciated one paise, to 64.14 against the dollar in afternoon deals.
Source: AIR