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Friday, 24 August 2012

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Sensex fall on negative surprise by Supreme Court on P Chidambaram verdict

Indian markets which started on negative note on global cues remained negative through out the day incidentally closing at same level where it actually started its day. According to market sources, failure of Supreme Court to give investors any positive surprise by admitting 2G case against P Chidambaram led to market fall.

"We are damn sure that many positions might have built on at least Supreme Court talks tough on Chidambaram but everything went into vein," said market expert S P Tulsian in a television interview.
A dealer of reputed broking company without disclosing his identity said "What the hell yaar? Court cannot do this to us. We have built lot of long positions on Chidambaram admitting him into 2G case but all our aspirations gone to dusting."
While India Satire correspondent contacted Chidambaram he admitted that stock markets are speculative in nature and cannot predict them.

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