MARKET CLOSING UPDATE FOR 29 SEPTEMBER

Stocks fell across the globe on persistent questions on the

effectiveness of the US bailout package and on continued

instability in the global banking sector. The domestic market fell

for the third consecutive trading session with Sensex declining

1,096.77 points in last three sessions. The barometer index today

ended 506.43 points down. The market recovered after witnessing

a sharp intra-day fall. TheBSE Sensex recovered close to 200

points from the day's low. Thebarometer index hit 1-½ year low

and the S&P CNX Nifty hit itslowest level in 17 months in

mid-afternoon trade. The marketbreadth was extremely weak

as selling was witnessed across theboard. ICICI Bank fell more

than 12%. The US lawmakers agreeing on a $700 billion bank-rescue

package andthe House of Representatives approving the nuclear

deal with Indiaover the weekend failed to boost the investor sentiments.