Sensex Below 11K

There seems to be no stopping for Sensex. It lost more than 800 points Sensex Below 11Kbecause of worldwide financial crisis.

The 30-share index BSE Sensex touched an all time low of 10,940.85 in early trading. All segments suffered huge losses. This is the benchmark’s lowest since early August 2006.

Consumer Durables, which suffered the most, fell over 13% because of heavy selling in key stocks in that space.

Real estate, metal, IT, banking and power sectors took a severe hammering. BSE Midcap and Smallcap index plummeted 8.57% and 7.28% respectively. 

Today, the BSE Sensex opened at 11,316.24, down 379.00 points, as against its last closure in which it lost 106.46 points.

At 11.14 a.m., the 30-share index Sensex stood at 10,940.85, down 754.39 points. It also touched a high of 11,316.24 and a low of 10,940.85. 

In contrast, the broad based Nifty lost 232.40 points at 3,374.20, after touching a high of 3,604.40 and a low of 3,348.60. (11.14 a.m.) 

The total breadth of the stock market was sharply negative as it saw 186 advancements as against 2,011 declinations. 

The major losers, which dragged the 30-share index down were Sterlite Industries (India) (13.71%), Satyam Computer Services (13.35%), Wipro (10.70%), Tata Steel (9.89%), HDFC Bank (9.80%), and Reliance Energy (9.44%).

There were no gainers at the 30-share index.