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Sensex ends 4.8 pct lower; below 10,000
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The Sensex started the week on a negative note, closing 4.8 percent lower after a 12 percent rally last week.
The benchmark index ended at 9,568, having struggled throughout trade as investors booked profits. It had dropped over 5 percent just before close.
The fall was led by financial stocks such as ICICI Bank, HDFC and SBI.
Top among the Sensex losers were ICICI Bank, Tata Steel and JP Associates, all dropping over 12 percent.
Most sectoral indices succumbed to selling pressure and ended in negative territory. The banking index ended down 8.5 percent, while the metal and realty indices slipped over 7 percent each.
Satyam Computer slipped over 8 percent and was one of the top traded counters on the BSE.
Most stocks floundered as they tried to sustain the momentum gained in the previous sessions. Do you think we are again headed towards the 8,000 levels in weeks to come?
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market will soon touch 11,000!!