Markets: Rumour SMS creates panic

Thursday an SMS went out to thousands of market players across India. It said that the left had withdrawn support from the government and the news will hit the headlines in 45 minutes.

It immediately sent the Sensex into a nosedive and in just seven minutes the index lost about 160 points slipping deep into the red. Buying came in immediately and within another four minutes the Sensex regained about 170 points.

[via NDTV Profit]

emily | 7:09 AM | SMS and Business |
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