The benchmark BSE index fell 2.1 percent for the
week, posting a third weekly decline after emerging markets were hit hard by the U.S. Federal Reserve's signal of a rollback in its monetary stimulus and weak manufacturing data in China.
The Nifty should not go below 5,500 in current circumstances until and unless the government remains silent
The news sent the rupee to a record low, sparking
fears foreign investors would sell domestic assets to avoid
seeing their returns eroded. Overseas funds have been sellers for eight consecutive sessions for a total of 59.5 billion rupees ($995.82 million).
Indian shares are expected to remain volatile next week
ahead of the expiry of June derivative contracts on Thursday and investors will continue to monitor global markets.
"Foreign investors more specifically ETFs are panicking but government measures, pep talk may help shares in the near term
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