Money on the markets

A maturing market amid the mayhem

Sensex loses ground; Satyam jumps on renewed hopes


The Sensex closed nearly 2 percent down on Monday as worries over the world economy hit investor sentiments.

The benchmark closed at 8160.4, dragged down by index heavyweights Reliance Industries (down 1.4 percent), ITC (down 4 percent) and Hindustan Unilever (down 3.3 percent).

Jaiprakash Associates and Ranbaxy were among the top Sensex losers, falling over 5 percent and 4 percent respectively.

The benchmark index extended losses after a weak opening in European markets. Japan’s Nikkei struck a 26-year low on the fate of U.S. banks and renewed crisis in the United States as the government stepped in with another round of relief measures for AIG and GM.INDIA