Sensex slips below 11K again; L&T tumbles 11%

The Sensex opened with a negative gap of 238 points at 11,245 on the back of negative cues from the global markets. Markets across the globle were in red today on fears of global recession.

Unabated selling mainly in capital goods and metal stocks saw the index drift deeper into red as the day progressed. The Sensex tumbled to a low of 10,760 - down 723 points from the previous close, and finally settled with a loss of 674 points at 10,809.

The BSE Capital Goods index slumped almost 9% to 8,088. The Consumer Durables index crashed 8.8% to 2,126, and the Metal index shed 7.8% at 6,316.

The market breadth was fairly negative - out of 2,730 stocks traded, 1,849 declined, 811 advanced and the rest were unchanged today.

INDEX SHAKERS...

All index stocks ended in the negative territory today.

Jaiprakash Associates slumped 14.5% to Rs 73. Reliance Communications and Reliance Infrastructure tanked over 12% each to Rs 236 and Rs 556, respectively.

Larsen & Toubro (L&T) tumbled 11% to Rs 893. Tata Steel and Sterlite plunged over 10% each to Rs 273 and Rs 292, respectively.

TCS shed 8.5% at Rs 542, and ICICI Bank dropped 7.4% to Rs 414.

HDFC and Hindalco slipped nearly 7% each to Rs 1,713 and Rs 79, respectively.

BHEL, Reliance and Bharti Airtel plunged around 6% each to Rs 1,394, Rs 1,519 and Rs 719, respectively.

Satyam, Tata Motors and Maruti declined over 5.5% each to Rs 272, Rs 282 and Rs 679, respectively.

Wipro slipped over 5% to Rs 277. ONGC, ITC, Infosys and Mahindra & Mahindra were down 4.7% each at Rs 839, Rs 161, Rs 1,331 and Rs 484, respectively.

Tata Power, Ranbaxy and NTPC declined over 4% each to Rs 794, Rs 269 and Rs 167, respectively.

MOST ACTIVE COUNTERS

Reliance Capital topped the value chart with a turnover of Rs 230.70 crore followed by Reliance (Rs 217.85 crore), Larsen & Toubro (Rs 205.60 crore), ICICI Bank (Rs 147.75 crore) and SBI (Rs 143.40 crore).

Core Projects led the volume chart with trades of around 1.05 crore shares followed by Reliance Natural Resources (92.40 lakh), Cals Refineries (61.20 lakh), IFCI (58.15 lakh) and Jaiprakash Associates (44.85 lakh).