It was ``forced selling'' by speculators
Chennai: ``Please don't use the word 'investors'; those who were forced to sell in the last two days were speculators, or traders,'' says Porinju Veliyath, Managing Director of Equity Intelligence, a Kochi-based portfolio management service.
Senior BJP leader Murli Manohar Joshi on Sunday alleged there was a possibility that the recent flopped spectrum sale was ``deliberately manipulated'' to show that the CAG's calculation of presumptive loss of Rs. 1.76 lakh crore to the exchequer was erroneous.