UPDATE FOR 0CTOBER7
The key benchmark indices ended mixed on a highly volatile day of
trade today. The BSE Sensex lost 106.46 points while Nifty rose4.25
points. The market swung between positive and negative zone
throughout the day. European stocks were green amid choppy trade
amid reports the UK government may be forced to provide funding
forRoyal Bank of Scotland. The BSE Sensex and the S&P CNX Nifty
both hit two-year lows inmid-afternoon trade today, 7 October 2008.
This was in contrast toan initial surge on the bourses that was triggered
by liquidityboosting measures by Indian financial regulators announced
aftertrading hours on Monday, 6 October 2008. Reliance Industries
recovered sharply from 52 week low hit today. Bharat HeavyElectricals
came off from the session's lows. The market breadthwas negative US
futures were up. Nasdaq futures were up 19.25 points and DowJones
futures were up 33 points. The BSE 30-share Sensex lost 106.46
points or 0.9% to 11,695.24.The index fell 299.85 points at the day's
low of 11,501.85, hit inmid-afternoon trade, its lowest level in more
than two years.