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The Sensex opened with a huge negative gap of 433 points at 15,327 on weak cues from the overseas markets. Unabated selling saw the index slip below the 15,000-mark in early trades, and dropped below that level again in noon deals.
The Sensex hit a low of 14,738, and finally ended with a hefty loss of 951 points (6%) at 14,809 - its second biggest single-day fall. The index is down a whopping 5,478 points (27%) so far this year.
| BIG BAD DAY'S | ||||
| Date | Close | Prv Cls | Chg | % Chg |
| 21-Jan-08 | 17605.40 | 19013.70 | -1408.35 | -7.41 |
| 17-Mar-08 | 14809.50 | 15760.52 | -951.03 | -6.03 |
| 03-Mar-08 | 16677.90 | 17578.72 | -900.84 | -5.12 |
| 22-Jan-08 | 16729.94 | 17605.40 | -875.41 | -4.97 |
| 11-Feb-08 | 16630.90 | 17464.90 | -833.98 | -4.78 |
| 18-May-06 | 11391.43 | 12217.81 | -826.38 | -6.76 |
The Mid-cap and Small-cap indices shed 7% each at 6,124 (459 points) and 7,522 (557 points), respectively.
The BSE Bankex dropped 9% (754 points) to 7,569. The Realty index slumped nearly 8% (606 points) to 7,106, and the Metal index declined 7.5% (1,119 points) to 13,725.
The market breadth was extremely negative - out of 2,716 stocks traded, 2,404 declined, 282 advanced and 30 were unchanged on Monday.
The NSE Nifty dropped 243 points (5.1%) to end at 4,503.
The Asian markets, too, had a bad day following negative cues from the US markets. While the Hang Seng plunged 1,153 points (5.2%) to 21,085. Nikkei slumped 454 points (3.7%) to 11,788. The Shanghai Composite index dropped 143 points (3.6%) to 3,820.
Slide show
ICICI Bank [Get Quote] crashed nearly 14% (Rs 121) to Rs 757. HDFC [Get Quote] slumped 11% (Rs 277) to Rs 2,226. While HDFC Bank slipped nearly 6% to Rs 1,239, SBI [Get Quote] declined 4.7% to Rs 1,633.
Jaiprakash Associates [Get Quote] tumbled 12% (Rs 28) to Rs 208. DLF plunged nearly 8% to Rs 603, and Larsen & Toubro dropped 7% to Rs 2,704.
Hindalco [Get Quote] slumped over 9% (Rs 17) to Rs 165. Tata Steel [Get Quote] shed 8% at Rs 659.
Reliance Energy [Get Quote] tumbled over 8% to Rs 1,191. Reliance Communications [Get Quote] slipped nearly 7% to Rs 483.
Reliance declined over 6% to Rs 2,181. Infosys [Get Quote] was down 2.5% at Rs 1,336.
Grasim [Get Quote] dropped 6.5% at Rs 2,671. Ranbaxy [Get Quote] slipped 5.6% to Rs 438. Tata Motors [Get Quote] and BHEL dropped around 4.5% each to Rs 606 and Rs 1,796, respectively.
| Major Gainers | Major Losers | ||||
| Name | Close | % Chg | Name | Close | % Chg |
| AMD Industries | 29.65 | 13.0 | Gandhi Special | 81.55 | -55.0 |
| Rane Madras | 66.80 | 11.3 | Orchid Chemicals | 127.05 | -39.1 |
| Goldcrest Finance | 25.90 | 10.0 | Brels Infotech [Get Quote] | 1.30 | 20.7 |
| Pressure Sensitive | 3.53 | 10.0 | Prithvi Information | 139.65 | 20.0 |
| Elpro International [Get Quote] | 679.00 | 10.0 | Indus Fila [Get Quote] | 146.55 | 20.0 |
| (Close = Stock pirce at the end of day in Rs) | |||||
Most active counters
Reliance topped the value chart with a turnover of Rs 274 crore followed by GSS America (Rs 237 crore), Reliance Natural Resources [Get Quote] (Rs 232.50 crore), Reliance Petroleum [Get Quote] (Rs 215.50 crore) and Orchid Chemicals (Rs 207 crore).
Reliance Natural Resources led the volume chart with trades of around 2.27 crore shares followed by Orchid Chemicals (1.55 crore), Reliance Petroleum (1.37 crore), V Guard (1.30 crore) and Ispat Industries [Get Quote] (1.11 crore).
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