ADVERTISEMENT
Indian Stock Volumes Plunge as Deluge Paralyzes Mumbai: Chart
Business was about 32% below the 30-day average for the time of day, Bloomberg data showed.
30 Aug 2017, 08:01 PM IST
(Bloomberg) -- Trading volumes on India’s $2 trillion stock market plummeted on Wednesday morning after the heaviest rainfall since 2005 brought Mumbai to a standstill the previous day. Business was about 32 percent below the 30-day average for the time of day, data compiled by Bloomberg show. The picture may not change much as staffing at broker offices, banks and clearing houses remains minimal, said Deven Choksey, managing director of K.R. Choksey Shares & Securities Pvt.
To contact the reporter on this story: Ravil Shirodkar in Mumbai at rshirodkar@bloomberg.net.
To contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Colin Simpson
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT