“NYSE regulation is currently evaluating the news relating to Satyam and will continue to closely monitor developments. Trading was halted prior to the opening of the market. The security will remain halted until further notice,” the exchange's regulation office said in a statement.

The Indian IT bellwether's stock closed at $9.35 on NYSE Tuesday when its 3,391,964 American Depository Shares (ADS) were transacted.

The bluechip's shares had a free fall on the Indian bourses after its founder chairman B. Ramalinga Raju and managing director B. Rama Raju resigned and admitted to having committed a fraud of around Rs.65.92 billion/$1.3 billion).

The Satyam stock fell to a historic low of Rs.39.95 at 4 p.m. on the Bombay Stock Exchange (BSE) from the opening price of Rs.179.10, a record decline of 78 percent. A whopping 143,009,827 shares were sold in a matter of six hours.

The NYSE said, "Trading in Satyam Computer Services was halted on the New York Stock Exchange for news dissemination prior to the opening of the market today." "NYSE Regulation is currently evaluating the news relating to Satyam and will continue to closely monitor further developments. The security will remain halted until further notice," the statement added.

Doubting upon what the shareholders of Satyam are underoing after lossing big money after the wake of the scam?