The Government is looking at all aspects to help troubled outsourcer Satyam Computer Services Ltd, Commerce and Industry Minister Kamal Nath said.

"The Government is looking at all aspects... Once the board comes up with its proposals, Government will consider," Nath told reporters. He did not elaborate what steps the government might take to help Satyam.

Calling it a unique case Nath added that Govt will consider all assistance for Satyam board.

Earlier Indian shares fell 3.15 per cent to their lowest close in more than five weeks on Monday as investors braced for tough quarterly earnings, but scandal-scarred Satyam jumped 44 per cent on hopes a government-appointed board will rescue the company.

Traders said the broader market was also weighed down by concerns about tighter regulations and more negative disclosures by companies.

Shares in Satyam Computer Services Ltd jumped 44.2 per cent to 34.40 rupees on hopes a newly constituted three-member board, appointed by the government, would help salvage the company's clients and staff.

Deepak Parekh, chairman of Housing Development Finance Corp and a new director of Satyam, is expected to address a news conference at 5 pm.

Satyam's market value had slumped to $330 million last week from more than $7 billion just six months ago following revelations of an accounting fraud.

Wipro Ltd shed 9.3 per cent to 227.35 rupees after the No. 3 outsourcer said the World Bank had barred the company in June 2007 from direct contracts until 2011, citing a conflict of interest.

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