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Markets Tank as Satyam Scam pulls down Sensex

Avijit Bajpai


It seems that the Bears that had a field day on the Dalal street with sentiment lying low on account of startling Satyam scam that hit Indian markets.


The Sensex shed close to about seven percent over its last close value and the Nifty too did not seem to fare any better. During the day news also broke of a class action lawsuit being in the offing against Satyam in the US which further plagued the sentiment.


Many experts are already suggesting that there is hardly any value left in the Satyam stock and with it the futures of the company too seems dim.

 
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