Finance Minister P Chidambaram tried to calm the sentiments by assuring that the government could take more steps to deal with emerging situation.
“I think the consequence should not be large. Even if there are some consequences then I think we are better prepared,” he said in New Delhi.
In the currency markets, the rupee was trading lower at 62.18 versus dollar. The dollar climbed against most of its 16 major counterparts after the US Fed's taper decision.
Yesterday, the Sensex had snapped a six-day falling streak to rise by 248 points after the RBI's surprise decision to maintain a status quo on policy rates. The National Stock Exchange index Nifty declined by 50.50 points, or 0.81 per cent, to 6,166.65. after touching the day's high of 6,263.75.
Also, SX40 index, the flagship index of MCX-SX fell 63.06 points to end at 12,336.53. Sectorally, the BSE Banking sector index suffered the most falling 2.43 per cent, followed by capital goods index (1.91 per cent), Oil and Gas index (1.23 per cent) and Power index (1.02 per cent).
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