UPDATE AT 11AM ON 0CTOBER 8

The key benchmark indices slumped to their lowest level

in morethan two years on fresh setback in global markets

caused by growingcredit market worries. The BSE 30-share

Sensex was down 599.96points. The barometer index fell close

to 700 points at intradaylow. Reliance Industries (RIL) hit

fresh 52-week low. Among thesectoral indices capital goods

and IT stocks were the key losers.Sterlite Industries fell more

than 12% and Satyam Computer Serviceswas down more than

10%. Key benchmark indices in Asia were down by between 3.08%

to 6.63%today, 8 October 2008, even as central banks across Asia

stepped upto offer more support to commercial banks to try to ease

painfulpressure on funding costs from a vicious global credit squeeze.

At 10:23 IST, the BSE 30-share Sensex was down 599.96 points or

5.13% to 11,095.68. The index slipped 687.04 points at the day'slow

of 11,008.20, its lowest level since 9 August 2006. The Sensexfell

379 points at day's high of 11,316.24, in early trade. The S&P CNX

Nifty was down 177.70 points or 4.93% to 3,428.90. Theindex hit

a low of 3,405.80 its lowest since 13 September 2006. The BSE

Mid-Cap index was down 5.4% at 4,027.10 underperforming the

Sensex. The BSE Small-Cap index was down 4.23% at 4,765.92

outperforming the Sensex. The market breadth was extremely

weak. On BSE, 168 shares advancedas compared to 1,360 that

declined. 19 shares remained unchanged.