Indian Stock Market: BSE Sensex provisionally falls 7.3 pct, Satyam dives

BSE Sensex provisionally falls 7.3 pct, Satyam dives

MUMBAI (Reuters) - The BSE Sensex (^BSESN : 9586.88 -749.05) provisionally shed 7.31 percent on Wednesday after the head of Satyam Computer Services (SATYAM.BO : 39.95 -139.15) resigned and said the firm's profits had been inflated sending its stocks down more than three-fourth.
The 30-share BSE index provisionally closed 755.62 points lower at 9,580.31.

Shares in Satyam provisionally closed 77.1 percent lower at 41 rupees.
The 50-share NSE (^NSEI : 2920.4 -192.4) index provisionally ended 6.3 percent lower at 2,918.

BANGALORE (Reuters) - The head of India's embattled Satyam Computer Services (SATY.BO) resigned on Wednesday and said the firm's profits had been inflated, sending the stock down more than 80 percent and roiling investor confidence.
India's biggest corporate scandal in memory threatens future foreign investment flows into Asia's third-largest economy and casts a cloud over growth in its once-booming outsourcing sector.