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.