Indian stocks opened on a lower note today (Sep 23) because of weak worldwide markets as fears on the long-term implications of the USD 700 billion bailout plan troubled capitalists. 

In the previous day session, the Sensex, which plunged to a low of 13,917.48, marked its closure at 13,994.96, down 47.36 points, while the NSE Nifty ended at 4223.05 with a loss of 22.20 points. The Nifty also touched an intra-day high of 4303.25 and an intr-day low of 4202.40.

Indian stocks opened on a lower note today (Sep 23) because of weak worldwide markets as fears on the long-term implications of the USD 700 billion bailout plan troubled capitalists. 

In the previous day session, the Sensex, which plunged to a low of 13,917.48, marked its closure at 13,994.96, down 47.36 points, while the NSE Nifty ended at 4223.05 with a loss of 22.20 points. The Nifty also touched an intra-day high of 4303.25 and an intr-day low of 4202.40.

Congress started challenging a 700-billion-dollar White House plan to rescue the US financial system Monday as US stocks plunged more than 3 per cent and industrialized countries pledged action to ensure global economic stability.

On Wall Street, the last two remaining major investment banks, Morgan Stanley and Goldman Sachs, left the high-wire world of risk to become bank-holding companies with the approval of the US central bank, the Federal Reserve.

Washington  - US stocks plummeted again Monday by more than 3 per cent across major indices, while oil prices soared amidst uncertainty on Wall Street over the US government's proposed mammoth bailout and whether it will rescue the economy.

The drop wiped out most of the gains made on Friday, when US and world markets rebounded on news of the rescue plan.

Washington  - US stocks plummeted again Monday by more than 3 per cent across major indices, while oil prices soared amidst uncertainty on Wall Street over the US government's proposed mammoth bailout and whether it will rescue the economy.

The drop wiped out most of the gains made on Friday, when US and world markets rebounded on news of the rescue plan.

Washington  - The price of crude oil climbed by 25 dollars per barrel on Monday, the largest jump ever over worries of a weakened dollar prompted by US government plans to buy failing mortgages from the troubled finance industry, Bloomberg news reported.

The Bush administration is proposing a massive 700-billion to 800- billion-dollar plan to bailout the finance industry, which has been at the heart of the flailing US economy. The buyout has increased concerns about the federal government's growing budget deficit.