Sensex recovers partly after 1,100-pt crash

Monday, May 22, 2006, 14:19 [IST]

Mumbai, May 22: The Bombay Stock Exchange (BSE) Sensitive Index crashed by more than 1,100 points to below 10,000 level this morning on the back of negative sentiments after last week big fall.

The benchmark index dipped to a low of 9,827 points, tumbling by 1,112 points.

The trading was suspended for one hour and resumed at 1300 hrs, leading to a bounce back by more than 500 points.

Sensex traded at 10,213, down by more than 700 points at 1315 hrs.

The National Stock Exchange(NSE) S&P CNX Nifty index fell 350 points to a low of 2,896 points.

Nifty traded 194 points down at 3,052 points.

All the Sensex and Nifty stocks were deep in red.

UNI

Other articles published on May 22, 2006

Roman Catholics not giving importance to the Code

Monday, May 22, 2006,14:19 [IST]

Kolkata, May 22 (UNI) At a time when the entire nation seems to be worked up with the release of Ron Howard's 'Da Vinci Code', city Roman Catholics look differently on the whole subject. When the churches have met and put their heads together and made suggestions to the Information and Broadcasting Ministry and the Censor board is busy mulling over the subject of its release and the kind of disclaimer it should carry, the.....

Canara Bank calls for study on Business Strategy

Monday, May 22, 2006,14:20 [IST]

Bangalore, May 22 : Leading public sector bank Canara Bank is undertaking a comprehensive study to improve its track record of growth and profitability in the increasingly competitive Indian financial scenario.The bank, which aimed at drawing a road map for addressing key strategic and organisational issues to position itself as a world class financial conglomerate, benchmarking against international best practices, had called for expression of interests from internationally renowned management consultancy firms by June 13 for the study 'design and.....

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SC issues notices to Andhra against order to reduce trait fee

Monday, May 22, 2006,14:20 [IST]

New Delhi, May 22 (UNI) The Supreme Court today issued notices to the respondents including the Andhra Pradesh Government on a petition filed by US based Bt cotton seed major M's Mahyco Monsanto Biotec India Limited challenging the Monopolies And Trade Restrictive Trade Practices Commission (MRTPC), directing the company to reduce its trait fee on cotton seeds. A vacation bench comprising Mr Justice Arijit Pasayat and Mr Justice R V Raveendran also issued notices on.....

SC issues notices to Centre, CEC on EC Chawla's removal

Monday, May 22, 2006,14:20 [IST]

New Delhi, May 22 (UNI) The Supreme Court today issued notices to the Centre, Election Commission and Chief Election Commissioner on a petition filed by former external affairs minister and senior BJP leader Jaswant Singh, seeking removal of Election Commissioner Naveen Chawla. A vacation bench comprising Mr Justice Arijit Pasayat and Mr Justice R V Raveendran directed the respondents to file their response within four weeks and the petitioner to file his rejoinder within three.....

Govt imposes ban on outside cement

Monday, May 22, 2006,14:21 [IST]

Aizawl, May 22 (UNI) In order to control the quality and price of cement in the region, the Mizoram government has notified suspension of its import from outside the state. The state food, civil supplies and consumer affairs department has also set up a state level coordination committee, on quality control of cement and iron rod, to check and monitor the quality of cement and other related materials. A meeting of the Quality Control Coordination Committee.....