Sensex fall continues

The free fall of the Sensex is continuing. Weak global equities caused by fears of a deep global recession pulled the domestic bourses lower for the sixth day in a row. The BSE Sensex lost 163 points, or 1.83, to 8,773.78, shedding 462.49 points from an intraday high struck in early afternoon trade. 8220;Weak global markets raised fears of more foreign fund sales offsetting hopes more measures from the government and the Reserve Bank of India RBI may revive the domestic economy,8221; said a dealer. In fact, fears of a global recession, slowdown in the domestic economy and selling by foreign funds have pulled the Sensex down 1,763 points or 16.72 in the last six trading sessions.