Tag Archives: Bloodbath

Business new tamfitronics MUMBAI: Investorsglobally, do not like surprises. They also prefer a status quo. Surprisingly, both these elements were missing during Tuesday’s trading on Dalal Street. The result: A never-seen-before 4,390-point crash in Sensex and a Rs 31-lakh-crore wealth destruction in just six-and-a-half hours.On Tuesday, contrary to exit poll predictions of a resounding election mandate for the ruling BJP, voters left the ruling party 31 short of the majority mark and made it dependent on allies such as TDP and JD(U).As a result, investors now expect that the new govt will not be able to take some of the bold policy decisions to push the economy along the strong economic growth path that it’s already on.As the initial poll results trickled in, sensex opened about 200 points down but then heavy selling pulled it...