Satyam scandal rocks mkts; Sensex down 749 pts

The multi-thousand crore Satyam scandal that was uncovered early this morning led to a heavy sell-off on the benchmark as well as sectoral indices. The Nifty has broken 2900 mark during the day while the Sensex closed below 10,000 level. B Ramalinga Raju, the outgoing chairman of Satyam, admitted to cooking up figures in the Satyam balance sheet. The abortive Matyas deal last month that brought the company much bad press was also aimed to cover his tracks.