Sensex falls into deep trench
STOCK prices, across the board, dropped like nine pins today apparently ``completing the full eight-year circle'' pushing down the benchmark indices to near eight-year low. The mayhem was attributed to largescale selling by the foreign institutional inve stors (FIIs) which were seen repatriating funds expecting uncertainty on how the USA markets would behave after they reopened on Monday.

Rupee rallies after a sharp dip
THE Indian currency plunged to a lifetime low of 48.43 to the dollar today, before recovering sharply to end the day at 47.82/83, as the forex market moved in tandem with the equity and bonds markets.

Rs 20-cr penalty mooted for market offences
THE Government has proposed a hefty penalty of over Rs 20 crore or three times the amount involved in the offence committed in capital market offences, as part of the proposed changes to the SEBI Act.

Kargil-type surcharge being contemplated
THE Government is looking at the option of a Kargil-type surcharge as part of the contingency plan to counter the impact on the economy arising out of a possible US retaliation on terrorists.

Software cos may consider buyback
SOFTWARE stocks in the country have plunged so low since the US World Trade Centre attack that many companies' market capitalisation has now sunk below their cash reserves, making it attractive for them to start buying back their own stock, said analysts .

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