GET Stock QuotesNews18 APP
News18 English
»
1-min read

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
facebookTwittergoogleskypewhatsapp
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.

Also Watch

Read full article
Next Story
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
TCS 3,470.25 +84.60 +2.50
Bharti Airtel 419.85 +13.60 +3.35
ICICI Prudentia 438.35 +20.20 +4.83
NIIT Tech 1,087.50 +91.30 +9.16
Infosys 1,160.35 +5.85 +0.51
Company Price Change %Gain
Hathway Cable 32.45 -3.05 -8.59
TCS 3,467.90 +82.25 +2.43
Indiabulls Vent 470.40 +41.70 +9.73
M&M Financial 507.25 -3.20 -0.63
Gati 121.20 +0.50 +0.41
Top Gainers
Company Price Change %Gain
Bharti Airtel 419.85 +13.60 +3.35
TCS 3,470.25 +84.60 +2.50
M&M 853.85 +15.30 +1.82
HCL Tech 1,068.80 +6.85 +0.65
BPCL 385.80 +2.10 +0.55
Company Price Change %Gain
Bharti Airtel 419.80 +13.70 +3.37
TCS 3,467.90 +82.25 +2.43
M&M 854.25 +15.80 +1.88
Infosys 1,160.90 +7.00 +0.61
Power Grid Corp 207.20 +1.20 +0.58
Top Losers
Company Price Change %Gain
GAIL 327.55 -10.20 -3.02
HPCL 298.05 -7.95 -2.60
Vedanta 290.20 -7.20 -2.42
Hindalco 232.05 -4.70 -1.99
Tata Steel 586.20 -11.35 -1.90
Company Price Change %Gain
Tata Steel 586.20 -12.05 -2.01
ICICI Bank 278.90 -5.30 -1.86
ONGC 179.55 -3.05 -1.67
Dr Reddys Labs 2,124.75 -31.50 -1.46
IndusInd Bank 1,849.55 -27.10 -1.44