|
|
Article: Trading suspended as market crashes.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 22, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Trading suspended as market crashes
Mumbai, May 22 (PTI) Trading was suspended in the stock market today, with Sensex crashing by 1,000 points as traders and investors were gripped by panic.
Facing an unprecedented situation and the sharpest ever fall, stock market authorities suspended trading for an hour, first time after May 17, 2004.
The crash followed a statement by Central Board of Direct Taxes seeking to dispel suggestions that its draft circular was ambiguous. The worst ever crash coincided with the second year anniversary of the Congress-led UPA government.
Just before trading was suspended, the BSE Sensex was quoting at ...