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After notching up more than 950 points in the past two days, the BSE barometer today plunged to 10,809.12 points, a steep fall of 674.28 points.
The markets opened on particularly weak note and the key index never recovered from its loss of 250 points at the outset.
National Stock Exchange index Nifty also tumbled by 180.25 points at 3,338.40.
Marketmen said buying of the past two day could not be sustained today as sentiment was weak on concerns that deepening financial crisis could lead to a global recession.
The fears were were mirrored in other Asian bourses as well, they noted.
Major indices like Hang Seng Index and Singapore Strait Times Index closed lower in the range of 3-5 per cent taking cues from marginal in US overnight.
On BSE selling pressure was felt across the board and there on Sensex scrip could post any gain while all sectoral indices closed in the red. Capital goods, consumer durables and metal segment recorded hefty losses and topped the list of big sectoral losers.
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very horrible condition to the indian market
This economy (not only, national but the global) based on greed and lusts of few capitalists is destined crash. Its time to stock of how we do business and to cut through all the crap and see the evil of the whole interest based financial system and create a system that creates real wealth, not the illusion of wealth. And in case you are wondering, I am not talking theology. I am talking finance.
send daily new updates of stock market
Mr. Finance Minister, Are you listening? Or are you fiddling while India Inc is going South?I understand the complexities of realigning the financial position but dont you think its really hurts the middle class group ?