New Delhi: The BSE benchmark, Sensex, continued to fall for the third straight session, on the heels of the Satyam debacle and the offloading by foreign funds.
The Sensex ended 296 points or 3.1% down at 9,110 and NSE Nifty ended 100 points or 3.4% down at 2,773 on Monday, as the low Asian markets weighed on the benchmark sentiments.
Sensex opened more than 122 points down in early trade and the 50-share NSE by 53 points down following the Satyam fraud and the weakening trends in the Asian markets and concerns around quarterly earnings.
Satyam shares climbed after the government appointed a three-member-board comprising Deepak Parekh, Kiran Karnik and C Achuthan. The company’s share price closed at Rs34.40, up 44.23% on the BSE.
Wipro shares fell more than 12% following news that the World Bank has barred it from direct contracts until 2011. It closed at Rs227.50 down by Rs23.55.
Shares of ONGC at Rs653, Reliance at Rs1,097, NTPC at Rs 170, TCS at Rs512, Infosys at RS1,159, ACC at Rs496, CBI at Rs 1,158 closed down on the BSE index.