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Sensex sheds 440 points, Nifty settles below 15,000 on broad based selling


Story highlights
The 30-share BSE barometer declined by 440.76 points or 0.87 per cent to close at 50,405.32, continuing its falling trend for the second day due to concerns over bond yields. Intra-day, the index swung around 726 points.
India s key equity indices ended lower for the second straight day on the back of weak global cues which emanated from rising global bond yields on Friday.
Accordingly, the two indices had a gap down opening on account of weak global cues, high volatility and profit booking.
The 30-share BSE barometer declined by 440.76 points or 0.87 per cent to close at 50,405.32, continuing its falling trend for the second day due to concerns over bond yields. Intra-day, the index swung around 726 points. ....

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Sensex hits 3-week low, ends 1,145 points down; Nifty holds 14,650

Indian stock markets nosedived on Monday as they continued to fall for the fifth consecutive trading session; Sensex and Nifty were under the strong grip of bears.

The BSE barometer of the 30-share index settled at a 3-week low of 49,744 levels, down 1,145 points or 2.25 per cent. The Nifty50 index managed to end above the 14,650-mark at 14,676, down 306 points or 2 per cent.  ....

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Former Senegal finance minister to head IFC, World Bank declares

The World Bank has selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global recovery. He would be the first African to lead the International Finance Corporation (IFC) which leverages financing to support private firms in developing nations.

Diop, an economist who studied in Britain, worked in finance before entering government. He was named Senegal's minister of Economy and Finance in April 2000, a position he held for just over a year. ....

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