The Sensex opened with a negative gap of 274 points at 13,721. The index tried to recover in morning trades but could only manage to touch a high of 13,978.
Unabated selling in banking, realty and technology stocks saw the index slide to a low of 13,543. The Sensex finally ended with a loss of 425 points at 13,570.
The BSE IT index plunged 5% to 3,455. The Realty index shed 4.7% at 3,903, and the Bankex dropped 4.2% to 6,804.
The market breadth was fairly negative - out of 2,652 stocks traded, 1,823 declined, 760 advanced and the remaning were unchanged today.
INDEX SHAKERS...
Ranbaxy slumped 11% to Rs 309. DLF tumbled over 6% to Rs 395.
Satyam, TCS and Wipro plunged nearly 6% each to Rs 332, Rs 721 and Rs 390, respectively.
HDFC, ICICI Bank and Jaiprakash Associates shed 5.5% each at Rs 2,198, Rs 600 and Rs 123, respectively.
Infosys and Tata Motors dropped 5% each to Rs 1,543 and Rs 394, respectively.
HDFC Bank and Tata Steel slipped 4.5% each to Rs 1,238 and Rs 471, respectively.
SBI declined 4% to Rs 1,503. BHEL shed 3.4% at Rs 1,626.
Grasim and Maruti were down almost 2.5% each at Rs 1,891 and Rs 701, respectively.
VALUE & VOLUME TOPPERS
Reliance topped the value chart with a turnover of nearly Rs 396 crore followed by Reliance Capital (Rs 278 crore), Sesa Goa (Rs 239.40 crore), SBI (Rs 136.40 crore) and Reliance Natural Resources (Rs 135.40 crore).
Sesa Goa led the volume chart with trades of around 1.87 crore shares followed by Reliance Natural Resources (1.68 crore), Apollo Tyres (74.33 lakh), IFCI (67 lakh) and Cals Refineries (62.67 lakh).
