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.
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- Vatican financial body investigating possible money laundering
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- Bernanke comments spur volatility, but stocks, dollar gain
- Srei Infrastructure to buy Austrian bank unit - paper
- Gold erases gains after Bernanke comments
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- Analysis: Rich country investors returning home
- Just Dial's 9.4 billion rupee IPO covered 11.6 times
- L&T looks overseas to offset weak home market
The Wall
