Sensex shivers as panic selling shaves 275 pts
Panic selling in the market resulted into a whopping 275-point fall in the Sensex on Monday. Political uncertainty, persistent FII selling, fall in the tech-heavy Nasdaq market in the US and the RBI's decision on Friday to hike key interest rates played havoc resulting into all round selling.

Sensex likely to recover to 4260 pts today
That the Sensex could go down to 4250 level was pointed out in our `Undercurrent' column on Saturday. However, the index not only dipped to 4250, but went below that level to 4188. The fact that the index opened with a downward gap at 4348 points to a technical weakness.

Weak sentiment hits Moser Baer despite growth
Alongwith the market, the stock price of Moser Baer has also fallen sharply. From a peak of Rs 450 four days' ago, the stock has dipped to Rs 346. Most of the fall has occurred after the announcement of the irst-quarter results, which have been extremely impressive.


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