Indian Stock Market: BSE Sensex provisionally falls 7.3
pct, Satyam dives

post from Beurskrach 2008 - Stock Market Crash, recession and the World Economy on 07 January 2009 07:20:00 AM. © Beurskrach 2008 - Stock Market Crash, recession and the World Economy

BSE Sensex provisionally falls 7.3 pct, Satyam dives

MUMBAI (Reuters) - The BSE Sensex (^BSESN : 9586.88 -749.05) provisionally shed 7.31 percent on Wednesday after the head of Satyam Computer Services (SATYAM.BO : 39.95 -139.15) resigned and said the firm's profits had been inflated sending its stocks down more than three-fourth.
The 30-share BSE index provisionally closed 755.62 points lower at 9,580.31.

Shares in Satyam provisionally closed 77.1 percent lower at 41 rupees.
The 50-share NSE (^NSEI : 2920.4 -192.4) index provisionally ended 6.3 percent lower at 2,918.

BANGALORE (Reuters) - The head of India's embattled Satyam Computer Services (SATY.BO) resigned on Wednesday and said the firm's profits had been inflated, sending the stock down more than 80 percent and roiling investor confidence.
India's biggest corporate scandal in memory threatens future foreign investment flows into Asia's third-largest economy and casts a cloud over growth in its once-booming outsourcing sector.About the Stock Market Crash 2008, the recession and the World Economy. News and updates.Een blog over de beurskrach 2008, de financiële markten, de wereld economie, en de recessie in 2009.

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