The Sensex opened with a significant negative gap of 9,084 - down 207 points - on the back of negative cues from the US markets. The index languished in the negative zone throughout the day amid some volatility.
Initially the index recovered partially and touched a high of 9,169, only to fall back sharply lower to 8,872. The Sensex finally ended with a loss of 354 points at 8,937.
The BSE TECk index shed 5% at 1,935. The Power, Bankex, PSU and Metal indices shed around 4.5% each at 1,572, 4,732, 4,532 and 4,516, respectively.
The market breadth was fairly negative - out of 2,566 stocks traded, 1,830 declined, 662 advanced and the rest were unchanged today.
Wipro slumped nearly 9% to Rs 230. NTPC plunged almost 8% to Rs 139.
ACC and TCS tumbled around 7% each to Rs 405 and Rs 483, respectively.
ICICI Bank and Maruti shed 6.7% each at Rs 361 and Rs 513, respectively.
Bharti Airtel and Jaiprakash Associates dropped 6.3% each to Rs 623 and Rs 68, respectively.
Mahindra & Mahindra and Tata Power slipped nearly 6% each to Rs 300 and Rs 683, respectively.
HDFC and SBI declined over 5% each to Rs 1,419 and Rs 1,108, respectively.
ONGC, Reliance Communications and Grasim shed around 4.5% each at Rs 668, Rs 210 and Rs 976, respectively.
Infosys, Sterlite and Satyam were down around 4% each at Rs 1,181, Rs 218 and Rs 242, respectively.
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