UPDATE FOR OCTOBER 3

Bearish sentiment prevailed today as key benchmark indices snapped

last two days' rally on weak global cues. Sensex fell close to 600points

at the day's lows hit in late trade. The barometer index hadrisen 459.92

points in the preceding two trading sessions. Indexheavyweight

Reliance Industries (RIL) hit 52-week low, falling morethan 7.5%.

Tata Steel fell more than 10% while Sterlite Industriesfell more than

8.5%. Ranbaxy Laboratories rose more than 4.5%. Themarket

breadth was weak.

The BSE 30-share Sensex plunged 529.35 points or 4.05% to12,526.32.

The index shed 583.06 points at the day's low of12,472.61, hit in

late trade. The Sensex fell 54.48 points at day'shigh of 13,001.19, in

early trade. The S&P CNX Nifty ended down 132.45 points or 3.35%

to 3,818.30. BSE clocked a turnover of Rs 4,767 crore today as compared

to aturnover of Rs 4,358.87 crore on 1 October 2008. Nifty October

2008 futures were at 3851, at a premium of 32.70points as compared

to spot closing of 3818.30. NSE's futures &options (F&O) segment

turnover was Rs 44,983.07 crore, which waslower than Rs 47,733.85

crore on Wednesday, 1 October 2008. The BSE Sensex is down 7,760.67

points or 38.25% in the calendaryear 2008 so far from its close of

20,286.99 on 31 December 2007.It is 8,680.45 points or 40.93% below

its all-time high of21,206.77 struck on 10 January 2008.