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Markets Fall 256 Points After Four Supreme Court Judges Address the Media for the First Time Ever

The Bombay Stock Exchange stood at 34606 points at noon on Friday and fell to 34550.2 points at 12:15 pm, at the time the press conference of the Supreme Court judges began.

News18.com

Updated:January 12, 2018, 2:09 PM IST
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Markets Fall 256 Points After Four Supreme Court Judges Address the Media for the First Time Ever
The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai. (Photo: Reuters)
New Delhi: Markets responded adversely after four Supreme Court judges held a press conference for the first time in the history of Independent India.

The Bombay Stock Exchange stood at 34606 points at noon on Friday and fell to 34550.2 points at 12:15 pm, at the time the press conference of the Supreme Court judges began and further fell to 34423.8 at 12:35 pm, exactly five minutes after the press conference ended, plummeting by 183 points in a span of half an hour.

The market crashed to its lowest to 34349.99 points at 12:45 pm, taking a hit by 256 points as compared to the figures at noon before the presser.

In an unprecedented move, four sitting judges of the Supreme Court addressed the media on the controversy over allocation of cases, saying the administration of the top court is “not in order” and that efforts to convince Chief Justice of India Dipak Misra had “failed”.

Sounding caution over the “survival of democracy”, Justice J Chelameswar, the second senior-most judge in the apex court, said it was for the nation to “decide” if the CJI should be impeached.

Apart from J Chelameswar, other sitting judges present included Justice Ranjan Gogoi, Justice Madan B Lokur and Justice Kurien Joseph.
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