Sensex is Down:-…………………………………………………..
Shrugging off early gains, the Bombay Stock Exchange benchmark Sensex on Wednesday tumbled over 650 points to dip below the psychological 10,000-points level, on heavy selling by funds after reports of Satyam Computer Services chairman resigning.
At 0134 hrs, the Sensex, which opened higher by 133.79 points, fell back to record a heavy loss of 665.94 points at 9,669.99.
Selling pressure sparked after reports that Satyam Computer Services Chairman Ramalinga Raju tendered his resignation, ahead of the crucial January-10 board meeting.
With the mounting selling pressure, the wide-base National Stock Exchange’s index Nifty dropped by 183.50 points at 2,929.20 at the same time.