The BSE sensex and the NSE sensex have on Tuesday seen a fall of about 800 points, with the former contributing a lion's share of the nosedive.
This comes just days after official statistics confirmed the economic slowdown. India's GDP grew at just 5 percent in the first quarter of this financial year. The numbers have had an unwelcome effect on market sentiments.
"The Indian economy is surely facing headwinds due to depressed demand. The government's recent steps won't help. The manufacturing activity is going down. The automobile industry is suffering. Finance Minister Nirmala Sitharaman is surrounded by bad advisors. The stock exchange news should wake her up," says a social media user.