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After Supreme Court 4 judges' press conference, Indian stock markets gets a jolt

Speed News Desk | Updated on: 12 January 2018, 16:59 IST
Supreme Court 4 judges

After the last trading day of the week started with a record bounce, the Indian stock market fell down drastically. Market analysts believed that the rise in the morning's record was due to the acceleration before Infosys' results. However, after 12 o'clock, as soon as the press conference of senior judges of the Supreme Court surfaced, there was a decline recorded in the market. At the same time, in the press conference, as soon as the judges stood for saving the highest judicial forum and protecting democracy, the Indian stock market lost the full edge of the day.

It is significant that in the morning Nifty touched a new record level of 10681, with an increase of 30.65 points. At the same time, the Sensex had surpassed its highest level of 34,600.53, with the rise of 97.04 points. But after the press conference, the Sensex went down in the red mark with a drop of 100 points. At the same time, the Nifty also lost the 30-point lead and went to the red mark.

Taking unprecedented steps in the Indian democracy, 4 senior judges of the Supreme Court made a plea to save the Supreme Court while in press conference. Speaking on behalf of the Supreme Court judges, senior judge Chelameswar said that if the Supreme Court is not saved from the present system, it will be difficult to save democracy in the country.

During the press conference, the Supreme Court Judge said that he has been raising some issues in front of the Chief Justice of India for the past several days. But when there is no hearing on the issue raised by him, he is talking about the country and he is talking about himself. The judge, who was holding the press conference, said that in democracy, his responsibility towards the country is made, so he is keeping his point directly to the country.

First published: 12 January 2018, 16:10 IST