Markets crash on Satyam bug

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Posted: Thursday, Jan 08, 2009 at 2323 hrs IST
Updated: Thursday, Jan 08, 2009 at 2323 hrs IST

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Mumbai: monitored. At the moment, FIIs have taken an opportunistic stance cashing on the panic, but for long-term investors this is indeed a crucial moment. Several market participants will now sit back on their investment decisions, he said.

Devesh Kumar, MD of Centrum Broking said, “I don’t think that markets are likely to recover in the coming days and there are strong chances of markets going further down from this point in the coming days.” Meanwhile, National Stock Exchange has removed Satyam Computer Services from its main Nifty index and also the futures segment. The Bombay Stock Exchange will also be taking stock of the situation before taking appropriate action, said the spokesperson....

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Markets crash on Satyam bug

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