Indian equities continued to trade negatively on the back of heavy selling pressure seen across board.
 
The 30-share index BSE Sensex has suffered big loss due to Satyam’s announcement.

All sectors were trading in deep red. Realty and IT were among the major losers, which lost 16.72% and 9.74% respectively.

Second rung stocks also saw huge selling pressure. BSE Midcap and Smallcap index fell 7.68% and 6.66% respectively.

Today, the 30-share index, BSE Sensex opened with a gain of 89.03 points, at 10,424.96.

At 02.09 p.m., the 30-share index Sensex, which plunged to 9510.15, stood at 9,637.21, down 698.72 points. It also hit a high of 10,469.72 and a low of 9,510.15.

In the meantime, the broad based Nifty lost 196.85 points at 2,915.95 after touching a high of 3,147.20 and a low of 2,888.20.

Overall market breadth was sharply negative as it saw 331 advancements as against 2,106 declinations.

The major gainers in the 30-share index were Infosys Technologies (1.16%), Grasim Industries (0.63%) and Hindustan Unilever (0.55%).

On the other hand, the biggest losers in the Sensex were Satyam Computer Services (81.80%), Jaiprakash Associates (26.62%), Reliance Communications (16.46%), Reliance Energy (14.95%), DLF (14.28%), and Reliance Industries (9.49%).