The Sensex opened with a significant negative gap of 335 points at 13,666 on the back of negative news flow from the overseas markets. The US subprime crisis brought Lehman Brothers on the verge of bankruptcy as it was unable to find a buyer, while Bank of America bought another ailing firm - Merrill Lynch.

The selling bias was so intense that the index collapsed to a low of 13,151 - down 850 points from the previous close. The index, however, recovered partially towrads the close on the back of selective buying in auto, banking and FMCG stocks.

The Sensex finally ended with a loss of 470 points  at 13,531.

The BSE Realty index slumped 7.7% at 4,335. The IT index dropped 5.5% to 3,597, and the Metal index shed 4.5% at 10,391.

The market breadth was extremely negative - out of 2,662 stocks traded, 2,263 declined, 359 advanced and 40 were unchanged on Monday.

INDEX SHAKERS...

Reliance Infrastructure slumped 9.7% to Rs 839, and Satyam [Get Quote] plunged 9.5% to Rs 368.

Ranbaxy [Get Quote] and DLF tumbled 7.5% each to Rs 419 and Rs 433, respectively.

Jaiprakash Associates [Get Quote] shed 6.5% at Rs 147. ONGC [Get Quote] dropped 6% to Rs 961.

TCS [Get Quote] and Reliance Communications [Get Quote] slipped 5.7% each to Rs 762 and Rs 369, respectively.

Tata Motors [Get Quote] and Hindalco [Get Quote] plunged over 5% each to Rs 391 and Rs 115, respectively.

Sterlite and Tata Steel [Get Quote] shed 4.5% each at Rs 465 and Rs 500, respectively.

Infosys [Get Quote], Wipro [Get Quote] and BHEL declined over 4% each to Rs 1,574, Rs 402 and Rs 1,628, respectively.

...AND THE MOVERS

Maruti [Get Quote] rallied nearly 3% to Rs 723. HDFC [Get Quote] advanced over 1% to Rs 2,204.

MOST ACTIVE COUNTERS

Reliance Capital [Get Quote] topped the value chart with a turnover of Rs 426.75 crore followed by Reliance (Rs 354.25 crore), Reliance Infrastructure (Rs 146.20 crore), ICICI Bank [Get Quote] (Rs 137.70 crore) and Larsen & Toubro (Rs 134.40 crore).

Reliance Natural Resources [Get Quote] led the volume chart with trades of around 1.67 crore shares followed by IFCI (1.33 crore), K S Oils (84.85 lakh), Relaince Petroleum (81.45 lakh) and Chambal Fertilisers (75.50 lakh).