Page 3 - Markets Mayhem
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
 "Market carnage: Indian Oil's 10% stake sale hits rough weather")
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.
 "Over 100 stocks hit 52-week lows on BSE")
Sensex plunges over 1,000 points; Nifty slumps below 8,000
Markets extended losses with both the Sensex and Nifty down over 4%
 "Sensex plunges over 1,000 points; Nifty slumps below 8,000")
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 .
 "Rajan reassures markets as China woes spread like wildfire")
