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.