The index slumped to a low of 9,510, and finally ended with a huge loss of 749 points (7.2%) at 9,587. In the process, the index wiped out its entire gains registered in the last four trading days.
The BSE Mid-cap index plunged over 7% to 3,198, and the Small-cap index shed 6.3% at 3,663.
The BSE Realty index tanked 19% to 1,965. The Oil & Gas and IT indices shed 9.3% each at 5,944 and 2,128, respectively. The Bankex dropped 8% to 5,489.
The market breadth was extremely negative - out of 2,582 stocks traded, 2,110 declined, 415 advanced and the rest were unchanged today.
Satyam slumped today following Ramalinga Raju's resignation as the company's managing director, and subsequent confession of a fraud in the company's accounts management by him. The stock, which, touched a high of Rs 189 in morning trades, saw a free fall and tumbled to a low of Rs 31. The stock finally ended with a huge loss of almost 78% (Rs 139) on the back of hefty volumes of around 14.30 crore shares.
Jaiprakash Associates plunged 29% to Rs 71. Reliance Communications shed 17% at Rs 207, and DLF tumbled 16% to Rs 235.
Reliance Infrastructure cracked 13.5% to Rs 559, and Reliance dropped 12.5% to Rs 1,197.
ICICI Bank slipped 10.5% to Rs 468. Larsen & Toubro declined 8.6% to Rs 776.
HDFC Bank was down over 8% at Rs 1,011. Ranbaxy and Tata Motors shed 7% each at Rs 236 and Rs 173, respectively.
SBI, ACC, Hindalco, Mahindra & Mahindra and Tata Steel were the other major losers.
Hindustan Unilever gained 2% at Rs 251. Infosys moved up 1.7% to Rs 1,187.
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