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Washington - US stocks fell sharply again Tuesday as investors remained unconvinced that new lending avenues created by the Federal Reserve would unblock credit to the struggling US economy.

The three major stock indices each fell more than 5 per cent. The Dow Jones Industrial Average fell more than 500 points and the broader S&P 500 dropped below 1,000 points for the first time in five years.

Washington - Federal Reserve Chairman Ben Bernanke suggested another interest rate cut was on the way, while the US central bank Tuesday announced fresh moves to inject liquidity into the struggling US financial system.

Bernanke said the ongoing financial turmoil meant the outlook for economic growth had "worsened" in recent weeks as the availability of credit to banks, consumers and businesses has threatened to dry up completely.

Stock market trading around the world Tuesday was uneven as investors appeared uncertain where to turn next in the ongoing international financial turmoil and new trouble spots emerging.

Mumbai, Oct 7 : The Bombay Stock Exchange (BSE) Sensex continued its downward trend for the second day in a row and closed at 11695.24 at the end of Tuesday’s trading.

From Monday’s crash of 725, it further slipped to 106.46 points.

The wide-based National Stock Exchange (NSE) index Nifty moved between 3,732.65 and 3,537.00 points before ending at 3,606.60, a marginal gain of 4.25 points.

The BSE opened this morning up by over 379 points in early trade.

Similarly, the NSE index rose by 127.05 at 3,729.40 this morning.