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| May 1, 2000 | ||
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| FLIPSIDE Week, Weak, Weaker By Dilip Bobb
Manic Monday: The Bombay Stock Exchange hit a new low, losing 200 points. The biggest losers on Merciless Monday were infotech stocks. The Mumbai mania was triggered off by similar losses on the Nasdaq's Black Friday, where Indian companies took a beating. Meanwhile, fresh allegations were made against two more Indian players for their alleged involvement in match-fixing. In Parliament, the Congress led by Sonia Gandhi staged a walkout over the Government's failure to curb the downturn in the markets. Titanic Tuesday: The BSE crashed into the lower circuit breakers and infotech stocks sunk without any survivors. The markets failed to duck the fallout from Black Monday in New York. In the English League, Saurav Ganguly also sunk without trace when he scored a duck in his debut game. He, however, denied any allegations of match-fixing, along with two more Indian players named on Murderous Monday. Meanwhile, in Parliament, the Congress led by Sonia Gandhi stormed out in a huff, protesting the Government's inability to book the bookies. Wicked Wednesday: All eyes were on the BSE, the BBC and the BCCI for the fallout from Manic Monday and Terrible Tuesday. Speaking on behalf of all three, BCCI Secretary Jaywant Lele said that fixing results was a universal phenomenon and everyone was involved. The two Indian players named on Murderous Monday denied any involvement while two more bookies pleaded for leniency since their lawyers were on strike for the last 65 days. The Congress staged its 65th consecutive walkout, in sympathy with the striking lawyers. Terrifying Thursday: The mercury continued its Remorseless Rise, the BSE didn't. In Parliament, George Fernandes blamed Pakistan for Bloody Monday and Tuesday and Wednesday, while Mulayam Singh Yadav demanded that cricket be banned since it was a colonial legacy. The Congress didn't stage a walkout today. Fearful Friday: Fears of a further slide in stocks proved right while the Left took to the streets to protest against rising prices, lowering subsidies and demanded a level playing field. They also accused the Congress of stealing their thunder by staging so many walkouts, a parliamentary ritual usually reserved for the left parties. The Congress responded by walking out in protest. No more Indian players were named for match-fixing. Saved By Saturday: Punters heaved a sigh of relief as the markets took a break from Murder, Terror and Fear, and no more bookies' names were released by Delhi Police. However, in Parliament, the Congress staged a walkout in protest at the slow pace in which the business of the House was being conducted. |
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There's
a new twist and downturn in the average week. With new names popping up
each passing day, the normal diary has been turned upside down. Those into
alliteration are having a field day, those on the field are busy defending
themselves from allegations while punters are at a loss as to how to hedge
their bets. Here's how newspapers tracked the week as it went from weak to
weaker, last week.