*Hello Friends!!! * * The market may extend Wednesday's (7 January 2009) sharp losses as softwaere major Satyam Computers accounting scandal in excess of Rs 7000 crore has created shock and awe among the Indian and global investing community. Satyam's erstwhile chairman B Ramalinga Raju's startling admission that the company's books of accounts were doctored and profits inflated, triggered a 7.2% fall in the Sensex on Wednesday. After the Satyam saga, investors will have lesser confidence in Indian companies especially the ones with suspect corporate governance practices. That in turn could affect inflow of foreign funds in India.*
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