08 Oct 07 Indian Stock Market tumbles as Sonia Gandhi indicates mid term elections

The Indian Stock Market (Both Sensex and Nifty) was down by over 2.5% today on fears of mid term elections. Sonia Gandhi came out with a strongly worded statement today saying that the congress was ready to face elections. Sonia Gandhi also criticised those opposing the nuclear deal by calling them enemies of development and peace. Looks like there are volatile times ahead for the Indian Stock Market, as they start to dance to the tunes of statements made by political leaders.

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