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Market crash: Cops secure Ahmedabad's largest lake
Sheela Bhatt in Ahmedabad | January 22, 2008 21:37 IST
Investors on Dalal Street [Get Quote] have lost a whopping Rs 15.82 trillion in the last seven days of market mayhem that included a fall of more than 4,000 points in the benchmark 30-share sensitive Index or Sensex.
The Bombay Stock Exchange, which opened on a weak note Tuesday morning, managed to rebound from the day's low but finally ended the day at 16,729.94, a fall of 875.41 points.
Even as Finance Minister P Chidambaram sought to calm investors, saying that enough liquidity would be provided to market players and there was no cause for panic, the Gujarat government was not taking any chances with the trading city of Ahmedabad, which boasts a high concentration of investors in the market, going into a tizzy.
On Tuesday evening, a posse of policemen was dispatched to the city's Lake Kankaria, which has seen many a distraught person commit suicide.
The lake is Ahmedabad's largest and the city police's decision came after witnessing the gloom on the streets as the markets continued their downward plunge.