Sensex plunges 11% to close below 9K mark

MUMBAI: October 24, 2008 is one day that investors would want to forget as soon as possible. In one of the worst trading session, investors he
lplessly saw their
investments being wiped out. Those who were praying for a pull-back were left in a lurch as determined bears tore the market apart.

Bombay Stock Exchange’s Sensex plunged 11 per cent or 1070.63 points to close at 8,701.07. The index touched a low of 8566.82.

National Stock Exchange’s Nifty ended at 2,557.25, down 13.11 per cent or 386 points. The broader index touched a low of 2,525.05.

BSE Midcap closed 8.38 per cent lower and BSE Smallcap Index ended 7.66 per cent down.

DLF (-23.96%), Ranbaxy Laboratories (-17.83%), Hindalco Industries (-17.82%), Tata Motors (-16.54%), Reliance Industries (-16.44%) and Mahindra & Mahindra (-16.04%) were the worst hit.

None of the stocks in the 30-share index could survive the meltdown.

Market breadth on BSE collapsed with 2322 declines against 260 advances.

Market breadth was extremely negative on the BSE with 2322 declines and 260 advances.

(All figures are provisional)

Source: Economic Times
 
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Analyst say that reduction of REPO/CRR may have reduced this blood shed? Not sure in that respect seeing the tumble. Any comments in this respect!!
 
Markets were just tumbling down like play cards there was no stop I lost 25 k out of my 2lakh investment a big loss it is one of those black Fridays which the country has to forget
 
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