The Satyam scam effect has started its infectious presence. U.S. listed  stocks of other Indian companies  have started taken a severe beating.

Indian stocks listed on the American bourses suffered a loss of close to $ 2 billion in a week, following unfolding of India’s biggest

Despite, a halt in trading in Satyam Computer from Wednesday, the rest of the 15 Indian stocks on US bourses bore the brunt of the negative market sentiment and witnessed a fall of $1.94 billion in their combined market capitalisation in the week ending January 9.

Meanwhile, the Hyderabad-based company, which traded on the first two day of the week, added $ 2.66 billion on the speculations that some rival IT firm might acquire it. The combined market-cap of all firms excludes Satyam’s valuations for the two days.

The NYSE had halted trading in Satyam Computer from January 7 after the company’s founder Ramalinga Raju disclosed financial bungling at the Indian IT firm and resigned from the company. The trading was halted as the Satyam ADS had tumbled over 90 per cent in the pre-market trading on the US bourse on January 7, after the new broke.

Related News on Satyam Scam:

1. Indian Firm May Get Satyam Audit Mandate - With PriceWater Hous Cooper having bungled up big time with...
2. Indian Firms Reviewing Fraud Control Mechanism - In the face of the Satyam scam and its deadly...
3. Satyam Faces A Dozen U.S. Law Suits - The Indian Goovernment may take its time before coming out...
4. Major Clients To Move Out Of Satyam Post Scam Fiasco - The major fear of the Satyam employees and investors slowly...
5. SEBI Team To Look Into Insider Trading In Satyam - Though Ramalinga Raju has mentioned in his confession letter, that...