Monday, May 17, 2004

stock markets, more on

Finally senior Congress leader Manmohan Singh, attempted to assure the investors that the Congress led government would bring in investor friendly policies. He appealed to investors not to panic over the stock market crash. Following this, the stock market resumed trading at about 1:20 pm and managed to recover about 400 points.

While on one hand Manmohan Singh was reassuring the investors, the CPI and CPI-M were playing blame games, with the CPI saying that the BJP had a hand in the crash, and the CPI-M claiming that this crash was the result of letting in FIIs into the trading system. In addition to this, FIIs are reported to have begun pulling out of the market.

To read more, follow these links:
Market crash due to FII influence: CPI-M
BJP had hand in market crash : CPI
Don't panic, Manmohan tells investors
FIIs begin to pull funds out of India

Update: how the BSE index fluctuated today....
BSE stock index


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