NEW DELHI (Reuters) -Finance Minister P Chidambaram has said people should stay in the market and there was no need to panic after markets crashed by over 1100 points on Monday.
Dubbed as Black Monday - trading was suspended for an hour but there was a recovery when trading resumed.
On Monday the Sensex closed at 10.481.77 down 456.84 points and the Nifty at 3081.35 down 165.55 points.
Among the worst affected were the small investors. However, in an exclusive interview to Finance Minister P Chidabaram said there was no need to panic and people should stay in the market.
Source: http://www.ndtvprofit.com/homepage/news.asp?id=250659
