The government on Friday said the recent Sensex crash was quite orderly after the 'giddy rise.'
"The fall of the Sensex is just a market correction and the movement in the capital market was quite orderly after the giddy rise for the last few days," Finance Minister P Chidambaram told reporters in Mumbai after launching the BSE's Indonext platform for small and medium-sized companies.
He said the government was 'not agreeing or disagreeing' to the reports that the recent market crash was unusual, adding that every investor should be prepared to face the 'ups' and 'downs' in the market.
"The government is not responsible for the recent Sensex fall. It is the market sentiment which lifts it up or pulls it down. However, the market movement was quite orderly after the giddy rise witnessed during the last few days," Chidambaram added.