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Article: SATYAM FRAUD TAKE SENSEX TO ONE-MONTH LOW.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- January 16, 2009
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SATYAM FRAUD TAKE SENSEX TO ONE-MONTH LOW
RAJESH SHARMA
January 16, 2009(PTI Economic Service) -- Satyam Computers fraud rattled investors confidence and drove the Bombay Stock Exchange benchmark Sensex down to onemonth low level as brokers off-loaded their holdings in panic. The selling pressure gathered further momentum after the World Bank barred the countrys third largest computer software firm, Wipro Ltd till 2011. However, the releasing of third quarter results by the largest software export Infosys Technologies supported the market but only to prune losses.
With a long five days fall in the current fortnight ending January 14, the Bombay ...