After marking its closure below 11K on Wednesday (Oct 15), the 30-share index BSE Sensex belled the day on a weak note on fears over a long lasting global economic recession activating a huge sell-off across worldwide markets.

The sharp 100 basis points cut in Cash Reserve Ratio (CRR) failed to cause any significant buying this morning.

Realty, metal, IT, Oil & gas and power stocks suffered huge losses. 

BSE Midcap and Smallcap index fell 4.77% and 3.94% respectively.

Indian stock market started the day on a negative zone after a fall of 5.87% on the previous working day. The 30-share index, BSE Sensex opened with a loss of 524.22 points, at 10,284.90 on Thursday.

At 10:04 a.m., Sensex stood at 10,195.72 down 613.40 points. It also hit a high of 10,284.90 and a low of 10,150.54.

In the meantime, the broad based Nifty lost 180.90 points at 3,157.50, after touching a high of 3,333.85 and a low of 3,143.80. 

The overall breadth of the market was sharply negative. Out of the total 1,280 stocks traded at BSE, 162 boosted, 1,088 turned down while 30 remained unchanged. 

The top losers in the Sensex included Reliance Energy (10.20%), Jaiprakash Associates (9.63%), Sterlite Industries (India) (9.26%), Wipro (8.23%), Grasim Industries (8.17%) and Reliance Communications (7.97%).

There were no gainers at the 30-share index.