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Monday, October 6, 2008
UPDATE
UPDATE AT 1 PM ON OCTOBER 6
Key benchmark indices slipped deep into red in early afternoon
trade after trading resumed at 12:10 IST after 45-minutes stoppage
due to sun outage. The 30-share BSE Sensex fell below 12,000 mark
and lost close to 575 points at day's low. Many Asian markets were
down more than 4% each. The Sensex hit its lowest level in more
than two years while the S&P CNX Nifty hit 1-½ year low. Power
and realty stocks plummeted. Jaiprakash Associates lost more
than 12%. Tata Power Company and Sterlite Industries fell more
than10% each. Reliance Industries (RIL) hit 52-week low. The market
breadth was weak as selling was witnessed across the board.
Key benchmark indices slipped deep into red in early afternoon
trade after trading resumed at 12:10 IST after 45-minutes stoppage
due to sun outage. The 30-share BSE Sensex fell below 12,000 mark
and lost close to 575 points at day's low. Many Asian markets were
down more than 4% each. The Sensex hit its lowest level in more
than two years while the S&P CNX Nifty hit 1-½ year low. Power
and realty stocks plummeted. Jaiprakash Associates lost more
than 12%. Tata Power Company and Sterlite Industries fell more
than10% each. Reliance Industries (RIL) hit 52-week low. The market
breadth was weak as selling was witnessed across the board.
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