Page 3 - Markets Mayhem

Great fall of China sinks world stocks, dollar tumbles

Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors.European stocks were almost 3 percent in the red and Wall Street was braced for similar losses after Asian shares slumped to 3-year lows as a three month-long rout in Chinese equities threatened to get out of hand.

Is India, the costliest market, likely to fall the most?

Forward earnings estimate show that Indian markets are priced higher than their counterparts and,so, have more room to fall

Jaitley confident markets will settle even as Sensex tumbles to seven-year low

Finance minister Arun Jaitley on Monday tried to calm down investors as markets witnessed bloodbath on global cues.The Sensex was down over 1,400 points at 14:55 hrs, the biggest fall in seven years

Market carnage: Indian Oil's 10% stake sale hits rough weather

Secondary market price of Indian Oil has fallen below the base price set by the government

Over 100 stocks hit 52-week lows on BSE

Among the sectoral classifications, BSE Metal, Oil &Gas, Power and Realty index have touched 52-week lows.

Sensex plunges over 1,000 points; Nifty slumps below 8,000

Markets extended losses with both the Sensex and Nifty down over 4%

Rajan reassures markets as China woes spread like wildfire

As stocks and rupee hit new lows, Reserve Bank Governor Raghuram Rajan today allayed fears citing strong macroeconomic fundamentals of the country which are much better than many others. "I wish to reassure the markets that our macroeconomic factors are under control as the economy is in a much better position relative many other economies," Rajan told the national banking summit organised by the IBA and Ficci here. Rajan said the country has USD 380 billion in forex reserves to be used as and when the need arises. The Governor also hinted at lower rates, saying the RBI will look at emerging room for more accommodation on the back of lower commodity prices, astute food management by the government and strong anti-inflation policy stance of the central bank. "Falling commodity prices and astute food management by the government should help RBI (lower rates)", said Rajan. He also said he sees oil prices remaining at low levels at for a year or two. Amid free fall in stock .