The 30-share index BSE Sensex lost more than 400 points on Tuesday (Sep 23) on worries over the long-term implications of the $700 billion bailout plan to fix the financial market turmoil.
Moreover, rising crude oil prices also dampened the overall market reaction.
Heavy selling action was seen across the board. IT, realty, metal, banking and power stocks led the declines.
Both Midcap and Smallcap index lost 2.06% and 1.63% respectively.
Washington - The Federal Bureau of Investigation is examining possible criminal activity at 26 companies including recent bailout recipients Fannie Mae, Freddie Mac and American International Group Inc (AIG), according to media reports.
Major investment bank Lehman Brothers, which declared bankruptcy last week, is also on the list of firms in the FBI's probe of accounting and other possible irregularities, the Bloomberg financial news agency reported late Tuesday, citing a senior law enforcement official.
Tokyo - Tokyo stocks fell Wednesday as concerns over US financial markets grew after overnight falls on Wall Street and opposition from some US lawmakers to a bailout plan for the US financial industry.
The benchmark Nikkei 225 Stock Average dropped 140.19 points, or 1.16 per cent, to 11,950.4.
The broader Topix index of all first-section issues was also down 15.04 points, or 1.29 per cent, to 1,153.65.
The Bank of Japan on Wednesday injected 1.5 trillion yen (14.22 billion dollars) into the money markets to help free up credit in the wake of the US banking crisis.
Washington - US stocks dropped Tuesday by more than 1 per cent, in the worst two-day slump in six years on concern that Congress won't act fast enough to adopt the government's 700-billion- dollar bank rescue plan that the central bank head says is direly needed to avoid a recession.
Hardest hit companies included General Motors Corp, department store chain Dillard's Inc and Regions Financial Corp, which tumbled more than 7 per cent. Members of the Senate banking committee Tuesday were sceptical over US Treasury Secretary Henry Paulson's plan.
Karachi - Pakistan's Karachi Stock Exchange on Tuesday banned short-selling in all stocks following Moody's down-grading of the country's credit rating, traders said.
The ban on short-selling follows similar moves this week by Wall Street and other top international markets to avoid dangerous speculation in tumultuous economic times.
The Karachi bourse, which is already virtually at a standstill, is expected to lift the cap by early next month.
on worries over the long-term implications of the $700 billion bailout plan to fix the financial market turmoil. 
The Federal Bureau of Investigation is examining possible criminal activity at 26 companies including recent bailout recipients Fannie Mae, Freddie Mac and American International Group Inc (AIG), according to media reports.
Tokyo - Tokyo stocks fell Wednesday as concerns over US financial markets grew after overnight falls on Wall Street and opposition from some US lawmakers to a bailout plan for the US financial industry.
Washington - US stocks dropped Tuesday by more than 1 per cent, in the worst two-day slump in six years on concern that Congress won't act fast enough to adopt the government's 700-billion- dollar bank rescue plan that the central bank head says is direly needed to avoid a recession.
New Delhi - Indian equities fell by 3 per cent in trading Tuesday on weakness in global bourses and rising crude oil prices.
Karachi - Pakistan's Karachi Stock Exchange on Tuesday banned short-selling in all stocks following Moody's down-grading of the country's credit rating, traders said.
