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At 12:10 hours IST, the 30-share BSE Sensexcracked 608 points to 17,086 and the 50-share NSENifty plunged 185 points to 5,145.
About 22 shares fell for every one share that gained on the National Stock Exchange.
Among sectors, the BSE IT, Realty and Metal indices were down 4-5%. Auto, Power, Capital Goods, Bank, FMCG and Oil & Gas indices fell 2-3%.
At 11:59 hours IST: It's mayhem: Nifty at 52-week low; IT hit hard
Benchmark NSE Nifty tumbled 167 points to 5,164 and the BSE Sensex lost 550 points to 17,142. Market breadth deteriorated further; about 21 shares declined for every one share gained.
The Nifty has touched a 52-week low today led by sell-off in 49 stocks. Heavyweights Reliance Industries, ITC, ICICI Bank, Bharti Airtel and SBI were down 2-3.5%.
Technology stocks were under extreme selling pressure. TCS and Infosys lost more than 5.5% on fears of US recession. Wipro lost nearly 4%.
At 11:49 hours IST: Sensex loses 570 pts; all sectoral indices in red
The 30-share BSE Sensex lost 572 points to 17,120 and the 50-share NSE Nifty fell 172 points to 5,159 on the back of mayhem in global markets. All sectoral indices were on sellers' radar.
About 19 shares were falling for every one share gaining on the National Stock Exchange.
Asian markets were under extreme pressure, falling 2-5.5%. The US markets had closed down 4-5% yesterday.
Mark Matthews of Julius Baer feels the next few days will be critical for global markets. The US markets plunged sharply, with the Dow down more than 500 points, in its worst one-day drop since December 2008. "There could be further global correction due to sentiment damage," Matthews said.
At 11:41 hours IST: Sensex nosedives 550 pts; Nifty at 52-week low
The 30-share BSE Sensex nosedived further on the back of panic selling, falling over 553 points to 17,140. The 50-share NSE Nifty has hit 52-week low, losing 168 points to 5,163.
Heavyweights TCS, Reliance Industries, Infosys, Bharti Airtel, ICICI Bank, ITC, L&T and SBI crashed 2-6%. Sterlite Industries was the biggest loser, falling over 7%.
About 1242 shares declined as against 76 shares declined on the National Stock Exchange.
At 11:24 hours IST: Sensex tanks 445 pts; ONGC, BPCL in green
Benchmark Sensex maintained a loss of more than 400 points led by sell-off across the globe. All sectoral indices were under selling pressure. However, only ONGC and BPCL were in the green.
The BSE benchmark Sensex fell 445 points to 17,247 and the NSE benchmark Nifty tanked 136 points to 5,195. Top losers were Sterlite Industries, Reliance Infrastructure, Jaiprakash Associates, M&M, TCS and HCL Tech, which lost 5-7% each.
Midcaps like Gujarat NRE Coke, Jubilant Foodworks, Delta Corp, Sujana Towers and BF Utilities lost 6-11%.
At 10:44 hours IST: Massacre continues; Nifty struggles at 5200
The BSE benchmark Sensex has taken a big knock today following a crash in global markets on fears of the world's largest economy—US seeing another recession despite the recent increase in debt limit.
The 50-share NSE Nifty was struggling to hold the 5200-levels. It was trading at 5,199, down 131 points and the 30-share BSE Sensex dipped a drastic 429 points to 17,264.
Howver, portfolio manager PN Vijay says that today maybe the 'last tough day' for investors. "I see some resolution, going forward from today’s mayhem," he says.
Vijay further says that right now no one is taking note to the strong fundamentals of a strong domestic consumption story. He sees no impact on India’s macro aspects, compared to other emerging markets like Korea or Taiwan, as we are not dependent on Europe and US demand.
Asian markets like Hang Seng, Nikkei, Taiwan, Kospi and Straits Times were down between 3.6% and 5%. China's Shanghai slipped nearly 2%. The US markets plunged 4-5% yesterday.
Back to India, all sectoral indices were in the red. The BSE Realty, Metal, IT, Auto, Power, Bank and Capital Goods indices fell 2-3%.
Technology stocks were taking major beating. TCS, HCL Tech and Infosys lost nearly 4%. Wipro was down 1.6%.
Reliance Industries, NTPC, ICICI Bank, ITC, SBI, Bharti and L&T were down 1-3%. Sterlite Industries, Cairn and Reliance Infrastructure were major losers, falling 5%.
However, BPCL and ONGC gained 1-2% on the back of fall in crude oil prices to USD 86 a barrel.
About 17 shares were falling for every one share rising on National Stock Exchange.
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