Frankfurt - German stocks eased Tuesday after the US Congress rejected Washington's bail-out plans.

The slide on the Frankfurt Stock Exchange was more moderate that in some other markets, with the bellwether DAX index falling 2 per cent from Monday's close before settling at 5761, down 0.8 per cent.

Bank stocks remained weak, a day after a German mortgage lender, Hypo Real Estate, won a financial lifeline from other banks and the German government.

It was the first German company to need help in the current crisis.

Securities & Exchange Board of India (SEBI) chairman, C B Bhave chilled out the worries of the US financial crisis disturbing Indian stock markets, saying that there was no fear as Stock market regulator was examining the condition very closely.

Within minutes of Bhave’s report, the bourses recovered early losses as the BSE Sensex was ruling at 12,397, down by 197 points.

“There is no need for panic in the market. Our market is resilient. Our clearing system has proved to its ability to deal with stock market fluctuation,” Mr. Bhave said.

Mr. Bhave also said that at present, the conditions regarding short sale are that institutions are permitted to short sell only if they have borrowed the stock on the stock markets.

Mumbai, Sept 30: As an after-affect of the rejection of the 700-billion dollar bail out package by US House of Representatives, the Bombay Stock Exchange (BSE) benchmark Sensex plunged by 442 points to a two-year low of 12,153 in early trade today.

Within minutes of opening, the BSE Sensex fell mainly in the stocks of banking, metal, realty and IT sectors.

The National Stock Exchange (NSE) index Nifty fell by 135 points or 3.40 per cent at 3715 with all the heavy-weight stocks trading in negative zone.

After opening negatively at 12,178.17, down 417.57 points, the 30-share index BSE Sensex fell further to a two-year low of 12,153 on all-round selling by funds following refusal of the $700-billion plan by US House of Representatives.

In contrast, the National Stock Exchange (NSE) index Nifty lost 135 points at 3715 with all the heavy-weight stocks trading in negative zone.

Bangkok - Thai shares los

Hong Kong - Hong Kong shares plunged more than 6 per cent in the first minutes of trading Tuesday in response to news of the defeat of the 700-billion-US-dollars rescue plan in Washington.

The Hang Seng Index fell below 17,000 points within 10 minutes of the market opening Tuesday but recovered some lost ground to reach 17,266, a loss of 3.43 per cent or 641 points on Monday's close, by 11 am (0300 GMT).