Markets crash on US financial woes
The Sensex was down sharply in noon trade on jitters over the US financial system, following investment bank Lehman's plans to file for bankruptcy protection. The BSE 30-share index was down 724.24 points. The financial upheaval also involved other US institutions. Bank of America has agreed to acquire Merrill Lynch & Co for $50 billion in an all-stock deal that will give the US bank the world's largest brokerage.
