NATIONAL Stock markets show stability after mid-session The stock markets showed stability with the benchmark Sensex steady above 10,400 level and the Nifty around 3,095 points after midsession, following soothingstatements by Finance Ministry and the Securities and Exchange Board of India (SEBI) today (May 22, 2006).
Trading suspended as market crashes by 1,000 pts Trading was suspended in the stock market today (May 22, 2006), with Sensex crashing by 1,000 points as traders and investors were gripped by panic.
'Circular not ambiguous, no reference to FIIs' Amid a sharp volatility in stock market, which continues to show selling pressure, the Central Board of Direct Taxes today (May 22, 2006) said the draft cicular relating to taxation on sale of stocks does not refer to FIIs and rejected suggestions that it was 'ambiguous'.
Rupee tumbles further against US$ in early trade Rupee continued its downslide today (May 22, 2006) losing another 14 paise at Rs 45.70/71 per dollar in nervous early trade at the Interbank Foreign Exchange market, weighed down by a weak dollar overseas, a pull out by FIIs and meltdown at the stock market.
Sensex down by over 300 points during early trade Sustained selling by foreign funds and panic-stricken retail investors pulled down Sensex by over 300 points at opening session on the Bombay Stock Exchange (BSE) today (May 22, 2006).
