NYSE to halt trading in Satyam Computers at opening session

NEW DELHI: NYSE will halt trading in Satyam Computers at the opening trading session at the exchange on Wednesday.

"The NYSE will halt trading in SAY today at the opening in New York for news dissemination and trading will be halted on our European markets, too", an exchange official said in an emaild communication to queries sent by The Economic Times.

"NYSE Euronext is monitoring the situation closely, including the latest developments," NYSE spokesperson Christiaan Braakman said.

The move follows Satyam chairman Ramlingaraju on Wednesday in a communication to the company board members and stock exchanges admittied to misrepresenting facts in the balancesheet.