Mumbai: India's main share index tumbled nearly six per cent yesterday to its lowest close in more than two years as the world's worst financial crisis in 80 years and a looming recession sent global markets reeling. More European governments offered blanket bank deposit guarantees as regulators from Washington to Seoul scrambled to contain the crisis, but the moves failed to reassure investors as money markets remained tight, reflecting reluctance by banks to lend to each other. World stocks dived to three-year lows as investors fled to government bonds and the low-yielding yen, fearing efforts by policymakers might not be enough to prevent a sharp slowdown. The 30-share BSE index dropped 5.78 per cent or 724.62 points to...
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