Sensex falls 3.8% on US bailout concerns

The markets continued their southward journey and are trading deep in the red on account of sustained selling activity in the previous two hours of trade. Stocks from the metal, banking, power and software sectors are leading the pack of losers while, select stocks from pharma, auto and energy are trading firm on the bourses. The overall decline to advance ratio is poised at 2.5:1 on the BSE.