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.
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.
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