Mumbai: Continuing its slide for the third straight session, the Bombay Stock Exchange benchmark Sensex on Monday fell by another 134 points in early trade as foreign funds kept on offloading their holdings following Satyam fiasco amid weakening trends on other Asian equity markets.
However, Satyam Computer stocks staged a comeback after the government appointed a three-man board in a bid to restore confidence in the company after the country's biggest corporate scam was unearthed last week.
Satyam Computer stocks climbed by nearly 60 per cent to Rs 40 with over 1.50 crore shares changing hands on the BSE in opening trade. The stock had closed at 23.85 on Friday.
The 30-share barometer Sensex, which had plunged almost 930 points in the last two sessions after Satyam Computer admitted that profits had been inflated for years, lost another 133.93 points to 9,272.54 in early trade.
The 50-share National Stock Exchange Nifty tumbled by 53.75 points to 2,819.25 in early trade.
Stock brokers said trading sentiment remained distinctly weak after the revelation of scam in Satyam Computer Services, which has shaken investors' confidence, triggering all-round selling.
Major losers which dragged the Sensex down were Reliance Industries, Reliance Infra, Infosys Technologies, Tata Consultancy, Wipro, ICICI Bank, HDFC Ltd BHEL, DLF Ltd, Bharti Airtel and Tata Power.
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