New Delhi: Communist Party of India (CPI) today (May 17, 2004) said the stock market crash was a result of the deliberate attempt by a section of the Bharatiya Janata Party (BJP) to create a scare about the new Government at the Centre.

"Stock market and Sensex was artificially boosted up by BJP to create an impression that Indian economy was shining, which, as we know, was a partial truth," A B Bardhan, CPI general secretary, told reporters.

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He said the party understood very well that speculative forces were at play in the market and a deliberate attempt was being made by a "section of BJP" forces to create a scare about new Government and the role of Left in supporting it.