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Thursday January 15, 10:20 AM
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BSE Sensex falls 4 pct, Satyam dives 30 pct
MUMBAI (Reuters) - The BSE Sensex (^BSESN : 16632.01 -222.92
) fell 4 percent early on Thursday, tracking falling global markets and a deepening banking crisis in the United States, while Satyam (SATYAM.BO : 90.55 -2.2) Computer tumbled as much as 30 percent on a newspaper report there was no plan for a government bailout.
Fraud-hit Satyam is a financially viable company and there is no plan for a government bailout, the Times of India newspaper said on Thursday, quoting a newly appointed director.
"People are realising there is no bailout package. So people who have bought it before are dumping it," said Arun Kejriwal, director Kris Research.
By 0438 GMT, the main 30-share BSE index was down 4.05 percent at 8,990.95 points. Satyam was down 19 percent at 24.25 rupees, off an early low of 20.55.
(For Quotes and Interactive Charts of BSE Sensex click http://in.reuters.com/money/quotes/chart?symbol=.BSESN)
