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Day End Note

The Sensex,today deeped into red to a low of 8,947 - down 423 points from the previous close - before settling with a loss of 324 points (3.5%) at 9,047.

Global markets were weak today following negative cues from the US markets. Neighbouring Asian markets - Hang Seng, Nikkei, Taiwan, Singaore and Malaysia - ended with significant losses of 3-6% each.

The market breadth was fairly negative - out of 2,447 stocks traded, 1,649 declined, 698 advanced and 100 were unchanged today.

The BSE Bankex slumped 5.7% to 4,919. The BSE Realty and Metal indices shed over 4.5% each at 1,766 and 4,829, respectively. The IT index was down over 4% at 2,163.

Jaiprakash Assocaites slumped 8% to Rs 65. Tata Steel, ICICI Bank and Sterlite plunged over 7% each to Rs 198, Rs 409 and Rs 254, respectively.

Reliance Communications tumbled 6% to Rs 174. HDFC Bank and TCS shed nearly 5.5% each at Rs 925 and Rs 510, respectively.

Hindalco, DLF and SBI dropped around 4.5% each to Rs 48, Rs 202 and Rs 1,147, respectively.

Infosys and Tata Power slipped around 4% each to Rs 1,252 and Rs 737, respectively.

Wipro, Tata Motors and Reliance Infrastructure declined around 3.5% each to Rs 235, Rs 151 and Rs 504, respectively.

Bharti Airtel, ONGC, HDFC and Reliance were down around 3% each to Rs 604, Rs 624, Rs 1,535 and Rs 1,143, respectively.

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