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With weak worldwide markets activating a substantial sales event, the Sensex plunged over 650 p

Zuari Industries touched its 52 week high of Rs 254.90.

According to technical analyst, Rajat K Bose Tata Steel is the best stock to reap gains in the long-run. The stock will burst after 9-10 months, so it’s better to hold the stock to make higher profits.

Bose told, “The base metals or steel are looking very weak. I was checking the LME base metals charts, alluminium, teen, copper, zinc, they are all looking pretty bad. Some of them have actually gone below 200-day; alluminium has done that recently and has given a sell signal.”

Lima: A strong earthquake shook coast of Peru near the capital. 17 are feared dead as it tumbled buildings and caused hundreds to flee office buildings in Lima. A tsunami warning was issued for South America’s Pacific coast.  

A church in city of Ica, south of Lime toppled killing 17 people and injuring 70, according to cable new station Canal.  

US Geological Survey said the 7.5 magnitude earthquake hit about 145 km southeast of Lima at a depth of about 41 km. The quake toppled houses and caused panic in capital.

In a bid, Japan`s central bank pumped-up 400 billion yen into money markets to control an advancement in short-term interest rates accompanying immense withdrawals in the last two days.

This is the bank’s third activity in the last 7 days amongst international concerns about US mortgages crisis.

Today, Tata Steel is hovering near 606, down Rs 35.2, or 5.49% in morning trades.