India: Equity Prices Plummet, Tracking Decline in Asian Stocks

India: Equity Prices Plummet, Tracking Decline in Asian Stocks

The decline in the domestic indices is in line with the plunge in the Asian stock markets, analysts said.. Sensex was 31,600.62, lower by 407.99 points or 1.27 percent in early trading hours from the previous close of 32,008.61.. Equity benchmark BSE Sensex zoomed 637 points on Wednesday, driven by gains in banking stocks ahead of Finance Minister Nirmala Sitharaman's press conference to unveil provisions of the Rs20 trillion stimulus package announced by the government.. The Indian rupee has erased early losses and is trading marginally higher at 75.44 per US dollar to quote at Dh20.55, amid selling seen in the domestic equity market..