The apprehension among foreign investors in the global depository receipts (GDRs) market as a result of the fall of the Deve Gowda government, which led to dull activity, is likely to continue with only two trading sessions scheduled this week on the domestic market.
Market sources attributed the unwillingness of the foreign investors to support Indian GDRs to the uncertainty as to who will form the next government and the possibility of the dissolution of parliament.
The Skindia GDR Index moved in a narrow range of 2.34 per cent compared with 7.40 per cent in the preceding week.
Activity in the domestic market also slackened with the BSE Sensex moving in the 3.57 per cent range as against 8.26 per cent last week, according to a report issued by Skindia Finance.
