Tracking mixed cues from global shores, equities are likely to open lower and remain volatile as the day progresses.
US stocks fell on Tuesday on concerns that the political divide over the proposed $700 billion plan to rescue the financial sector, could be a hurdle for the struggling US economy.
Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to approve the plan quickly, warning that a delay would put the economy at risk. But lawmakers pushed back, saying it still lacked detail.
But index futures surged in extended trading after Warren Buffett's Berkshire Hathaway surprised investors with a $5 billion investment in Goldman Sachs Group.
The Dow Jones Industrial Average fell 161.52 points, or 1.47 per cent, to end at 10,854.17, the Standard & Poor's 500 Index slid 18.87 points, or 1.56 per cent, to 1,188.22 and the Nasdaq Composite Index dropped 25.64 points, or 1.18 per cent, to 2,153.34.
Wednesday, September 24, 2008
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