Tuesday, 6th June, 2006
Bear carnage!

The markets crashed during the final hour of trade as selling 
activity intensified in the heavyweights, defying the signs of 
recovery seen in the penultimate trading hour. Stocks across sectors 
took a pounding today, as the bearish sentiment continued unabated. 
Nonetheless, select banking stocks managed to close higher. In global 
markets, all Asian markets with the exception of Taiwan closed in the 
red today, while European indices are also currently trading lower. 

The BSE Sensex closed at 9,957 (down 256 points) and the NSE Nifty 
closed at 2,937 (down 79 points). The rupee was trading at 45.93 to 
the dollar. 


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