After a weak opening today, the 30-share index BSE Sensex continued to trade in the negative zone on the back of global worries, and lack of support at higher levels.
Heavy selling action was witnessed in banking, IT and power stocks.
BSE Midcap and Smallcap index shed 1.56% and 1.42% respectively.
As declining growth, massive job cuts, worries of a deep and prolonged recession in worldwide economies continue to disturb the outlook, the stock market, despite a few rallies here and there, has been fighting to make a headway for the last few months.
NETGEAR®, Inc., a global provider of technologically innovative, branded networking solutions, declared that The Tolly Group, the industry’s premier independent IT test lab, certified two of its Fully Managed 10/100/1000 Switches for growing Small- to Medium-sized Businesses (SMBs) as "Up to Spec," a designation that indicates these products perform "as advertised." 
Yahoo co-founder, Jerry Yang, who took on the CEO role in June 2007 in an effort to turn the company around, will step down from his role as soon as the board finds a replacement. Under Yang, Yahoo talks for an acquisition by Microsoft Corp broke down; rival Google Inc pulled out of a deal to sell some ads on Yahoo; and the company’s shares have withered amid tough competition and a failing global economy. 
In its ongoing struggle to steady itself after suffering massive losses from deteriorating debt, the New York-based banking giant, Citigroup Inc., announced Monday that it would cut another 24,000 jobs, bringing its total reductions to 52,000 in the coming months. 
The Maharashtra state’s ban on the screening of Kamaal Khan’s ‘Deshdrohi’, under Section 6 of the Bombay Cinema Regulation Act, will continue for the present, as the Bombay High Court on Monday refused to interfere with the state’s order. Nevertheless, a division bench of Chief Justice Swatanter Kumar and Justice Sharad Bobde asked the government to give a hearing to the film’s producer and pass a fresh order by November 20. 
In order to fortify its commitment for a high performance computing, Microsoft Corporation India on Monday added another feather to its cap by launching the Release-to-Manufacture of Windows HPC server 2008. 
