The behaviour of a fictitious stock market index (comprising a weighted average of the market prices of a selected list of companies including some multinational corporations (MNCs) over a 15-day period is shown in the graph. The behaviour of the MNC’s in the same period is also shown in the second graph. Which one of the following is a valid conclusion? The original graph is not available for this question.
- (a)MNC’s fell steeper in the period depicted
- (b)Share prices of every non-MNC company soared by over 5% on the 12th day
- (c)Government announced a policy disfavouring MNC’s on the 11th day
- (d)Whatever be the reason favouring market revival on the 12th day, it appears to be relevant only to non-MNC companies
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Official answer(d) Whatever be the reason favouring market revival on the 12th day, it appears to be relevant only to non-MNC companies