Sensex plunges 265pts

The Sensex touched a high of 8520 in early morning deals, and then it was all fall down...

The Sensex plunged to a low of 8,186 - a decline of 334 points from the intra-day high - before finally closing with a loss of 265 points (3.13%) at 8,222.

ONGC plunged over 4% (Rs 43) to Rs 996. Reliance lost 3.5% (Rs 28) to Rs 755. HLL dropped 3.5% (Rs 6) to Rs 165. ITC was down 2.6% (Rs 4) to Rs 136.

Infosys lost over 2% (Rs 52) to Rs 2,413. Satyam plumetted 5% (Rs 27) to Rs 528. TCS was down Rs 50 at Rs 1,403, and Wipro dipped 4.6% (Rs 17) to Rs 356.

Bajaj dropped over 3% (Rs 53) to Rs 1,615. Hero Honda, Maruti and Tata Motors also declined.

Hindalco slumped over 6% (Rs 10) to Rs 145. Bharti dropped over 4% (Rs 15) to Rs 335. BHEL was down Rs 33 at Rs 1,102. HDFC was down Rs 24 at Rs 966.

Grasim slipped 4% (Rs 50) to Rs 1,310. Gujarat Ambuja and ACC also finished with steep losses.

SBI dipped 3% (Rs 27) to Rs 892. HDFC Bank also lost over 3% (Rs 24) to Rs 699. ICICI Bank was down Rs 4 at Rs 573.

Ranbaxy was down over 4% (Rs 21) at Rs 495. Cipla and Dr. Reddy's also declined.