SATYAM FIASCO- ITS LIKELY IMPLICATIONS ON INDIA!

The Satyam fiasco has unwinded a new chapter in the History of Corporate fraud in India, doubting the effectiveness of the watchdog of the Indian Stock markets- SEBI- The Official regulator of the Indian Stock markets.
SEBI(Securities & Exchange Board of India) which was formed in 1992 to check the scandals and to prevent the likelyhood of further scandals came up with Corporate Governance to improve the transparency and the investor confidence. The intensity of the fraud was such that Satyam;s market cap shred from 12000 crore to 2705 crore thus shredding off 9295 crore of investor wealth in a single trading session.
The incident is likely to worsen the investor sentiments, jeopardising the lives of 53000 employees of Satyam,Affecting INDIA Inc Financially, The FII's will like to play even more safer now, With no direct bad news- Sensex shed around 60% of its all time high, If news like this evolves, Sensex will have to breach its all time low, The recessionary tendencies might end up paving way for Depressionary tendencies, Any Job Loss will affect the economy as a whole,Prominent clientelle of IT Cos. might end up hunting for a safer haven, This incident might provoke SEBI to go on a investigation spree of various companies, where there is a probability of similar frauds paving in, Satyam might end up being aquired at a dirt-cheap Price thus further ruining Investor Wealth.NSE has already confirmed dat SATYAM shall be delisted w.e.f. 12th Jan. All these events will end up leaving an Indelible patch on India Inc. nationally and Internationally.
All and All the sentiments will be very weak and Investors will be over-Cautious to observe the likelyhood of further events.