Indian equities continued to trade negatively on the back of heavy selling pressure seen across board.
 
The 30-share index BSE Sensex has suffered big loss due to Satyam’s announcement.

All sectors were trading in deep red. Realty and IT were among the major losers, which lost 16.72% and 9.74% respectively.

Second rung stocks also saw huge selling pressure. BSE Midcap and Smallcap index fell 7.68% and 6.66% respectively.

Today, the 30-share index, BSE Sensex opened with a gain of 89.03 points, at 10,424.96.

Bollywood is ready to make its presence strongly felt at the 66th annual Golden Globe Awards.

AR Rahman is already a top runner for the Best Musical Score for Boyle’s best film to date ‘Slumdog Millionaire’, and now news is that King Khan may become the first Indian superstar to give away an award at the event held January 11 at the Beverly Hilton.

It is learnt that the Hollywood Foreign Press Association (HFPA) has invited Shahrukh Khan to present one of the awards.

Serene beauty Bipasha Basu has turned 30 today.

Fondly called Bips, this Kolkottan beauty was born on January 7, 1979 in New Delhi, to a Bengali family. Presently, she is one of the top actresses in Bollywood. She is often cited by popular magazines and newspapers as one of Asia's sexiest celebrity women.

Kolkata: Before finally getting admission at SSKM Hospital on Tuesday, a 24-year-old woman with 90% burn injuries moved from one hospital to another for over 12 hours.

Ms Lopamudra Mitra, a resident of Dum Dum Cantonment, was found burnt at her house around 6.45 p.m. on Monday.

The victim’s relatives took her to the RG Kar Medical College and Hospital where she was refused admission and was referred to SSKM Hospital.

When taken to SSKM Hospital, the authorities failed to admit her due to shortage of beds at the hospital’s burn ward.

Satyam Computers founder and chairman Ramalinga Raju has resigned from the company’s board.

In a letter to the board members, Raju said that the company’s balance sheet has inflated cash and bank balance of Rs 5,040 crore.

“No board member had any knowledge of the real situation. Accrued interest of Rs 376 crore in books is non-existent. Rs 1,230 crore was arranged to Satyam, but was not reflected in the books,” he said.

In response to Raju’s disclosures, the stock was hammered badly by investors, and it lost more than 65 percent.

Stock market analysts have suggested investors to ‘sell’ State Bank of India (SBI) stock with a target of Rs 1271.

According to them, interested investors can sell the stock between Rs 1295-1300 with a strict stop loss of Rs 1320.
 
Today (Jan 07), the stock opened at Rs 1330.90, against its last closure at Rs 1324.20 on the Bombay Stock Exchange (BSE) on Tuesday (Jan 06). Current EPS & P/E ratio stood at 119.59 and 10.76 respectively. The share price has seen a 52-week high of Rs 23.87.60 and a low of Rs 991.10 on BSE.