Sensex slumps on Satyam fiasco3 min read . Updated: 07 Jan 2009, 10:51 PM IST
Sensex slumps on Satyam fiasco
Mumbai: A four-day relief rally on the stock market ended abruptly on Wednesday after the chairman of Satyam Computer Services Ltd resigned with a confession of accounting fraud in India’s biggest corporate governance scandal. Satyam’s shares collapsed 78%, leading the bellwether Sensex index on the Bombay Stock Exchange (BSE) down 7.3%.
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