The 30-share index, BSE Sensex, today (Sep 24), opened with a gain of 60.23 points at 13,630.54. Real estate, banking and power segments edged higher during the early trades.

In the previous day session, the Sensex closed 424.65 points down at 13,570.31, while the NSE Nifty dropped 96.15 points at 4,126.90.

New York - Investment banking firm Goldman Sachs Group Inc gained the potentially influential support of legendary investor Warren Buffett late Tuesday.

The announcement that Buffett's firm, Berkshire Hathaway Inc, would buy a 5-billion-dollar stake in Goldman Sachs comes as the investment banking firm is converting itself to a normal bank holding company, a decision reached this week to obtain greater access to loans from the US Federal Reserve. The conversion will place Goldman Sachs under greater government scrutiny.

The 30-share index BSE Sensex lost more than 400 points on Tuesday (Sep 23) on worries over the long-term implications of the $700 billion bailout plan to fix the financial market turmoil. 

Moreover, rising crude oil prices also dampened the overall market reaction.

Heavy selling action was seen across the board. IT, realty, metal, banking and power stocks led the declines.

Both Midcap and Smallcap index lost 2.06% and 1.63% respectively. 

Washington - The Federal Bureau of Investigation is examining possible criminal activity at 26 companies including recent bailout recipients Fannie Mae, Freddie Mac and American International Group Inc (AIG), according to media reports.

Major investment bank Lehman Brothers, which declared bankruptcy last week, is also on the list of firms in the FBI's probe of accounting and other possible irregularities, the Bloomberg financial news agency reported late Tuesday, citing a senior law enforcement official.

Tokyo - Tokyo stocks fell Wednesday as concerns over US financial markets grew after overnight falls on Wall Street and opposition from some US lawmakers to a bailout plan for the US financial industry.

The benchmark Nikkei 225 Stock Average dropped 140.19 points, or 1.16 per cent, to 11,950.4.

The broader Topix index of all first-section issues was also down 15.04 points, or 1.29 per cent, to 1,153.65.

The Bank of Japan on Wednesday injected 1.5 trillion yen (14.22 billion dollars) into the money markets to help free up credit in the wake of the US banking crisis.

Washington  - US stocks dropped Tuesday by more than 1 per cent, in the worst two-day slump in six years on concern that Congress won't act fast enough to adopt the government's 700-billion- dollar bank rescue plan that the central bank head says is direly needed to avoid a recession.

Hardest hit companies included General Motors Corp, department store chain Dillard's Inc and Regions Financial Corp, which tumbled more than 7 per cent. Members of the Senate banking committee Tuesday were sceptical over US Treasury Secretary Henry Paulson's plan.