After witnessing a heavy fall of over 700 points on Wednesday (Jan 07), Indian equities, today (Jan 09), opened on a lower note at 9,434.85, down 152.03 points.

Consumer goods and realty stocks have taken a severe beating.

Hammered by the worst ever company scam in India, shares of Satyam Computer Services (at 10:00 a.m.) stood at Rs 13.50, down Rs 26.45 at the BSE. The scrip also touched an intra-day high of Rs 32.00 and low of Rs 11.50. On Wednesday (Jan 07), the shares declined 77.69 at Rs 39.95.

Asian stocks belled the day on a mixed note after earning reports and job cuts intensified worry that the worldwide recession is curbing demand.

BSE Midcap and Smallcap index dropped more than 2%.

At 10.04 a.m., the 30-share index Sensex lost 221.82 points at 9,365.06 after hitting a high of 9,434.85 and a low of 9,351.66. Meanwhile the broad based Nifty stood at 2,890.55, down 29.85 points, after touching a high of 2,924.00 and a low of 2,855.

The overall breadth of the market was sharply negative as it saw 109 advancements as compared to 557 declinations.

The major gainers in the 30-share index included Infosys Technologies (1.93%), Oil & Natural Gas Corporation (1.72%), Wipro (1.15%), Housing Development Finance Corporation (1.04%), Tata Consultancy Services (0.26%), and NTPC (0.06%).

The major losers in the list were Satyam Computer Services (40.05%), Larsen & Toubro (14.25%), DLF (6.78%), Jaiprakash Associates (4.83%), Tata Motors (3.27%), and Bharti Airtel (2.94%).