MarketS DailY - Sep 30

US Markets:

DOW -777.68 -6.98% 10,365.45
NASDAQ -199.61 -9.14% 1,983.73

Asia at 9 AM:

NIKKEI 11,199.02 -544.59 -4.64%
HANG SENG 17,282.26 -598.42 -3.35%

SGX NIFTY : 3739 - 148

Gold: $907.80+ 1.50% +$13.40
Crude : $95.89–0.50%–$0.48

News Today:

* The US House of Representatives voted 228-205 and rejected the $700 billion bail out plan to rescue the financial industry.

* DOW plunges 777 points, its biggest single day point loss in history. S&P stocks lose market cap of $ 1Trillion in the crash.

* US volatility index closes above 45, highest in history.

* Oil sinks more than $10.

* AIG, Morgan Stanley, Wachovia and others FIIs would sell some of the Indian assets. Keep an eye on their holdings.

* Japan's Nikkei hits 3 year low as nation fears it will slip into recession.

* Rupee hits a 3 year low of 47 against dollar.