| MUMBAI:
After Monday's mayhem, it was more bad news on India's two main bourses today
as well with share prices falling sharply on global cues and fears of recession
in the US. The
Bombay Stock Exchange's 30-share Sensex nose-dived 1,716.41 points or 9.75 pct
to 15,888.94 within minutes of opening, triggering an automatic one-hour halt
in trading. It recovered in the course of the day though to close 4.97 per cent
down. Rival National Stock Exchange closed 5.9 per cent down. Tuesday's
losses came after the Sensex fell 7.4 per cent yesterday. Some
of the media and entertainment companies incurred heavy losses and for some it
was the worst trading day. Network
18 scrip plunged 15.35 per cent to reach Rs 294.17 at the end of the day, is one
of the media companies which crunched most in the low trading day. At Rs 275,
the scrip hit its lowest ever value. Network
18's sister company Global Broadcast News (GBN) was not so badly hit however.
It was down 8.63 per cent to close at Rs 877.30. The
least affected of the three listed group companies was of course Television 18,
down 0.68 per cent to close at Rs 409.10. Meanwhile,
another badly hit stock was B.A.G Films and Media, which fell 14.17 per cent to
Rs 48.45 at the end of the day's trade. Another
big loser was UTV Software Communications, down 12.84 per cent losing Rs 103.40
of its face value and closing the day at Rs 702. Times
Group's Entertainment Network (India) Limited saw a fall of 11.47 per cent to
close at RS 400. News
broadcasting major TV Today's scrip closed at Rs 124.90, down 10.21 per cent.
In the
Southern shores, the story was not any different where Sun TV lost 10.14 per cent
to close at Rs 315.20. | 
