Sensex ends down 792pts at 10,537

The Sensex opened with a huge negative gap of 696 points at 10,632 on the back of negative cues from the global markets amid liquidity crunch as fears of a deeper US recession worried investors worldwide.

The index soon tumbled to a low of 10,240 - down 1,088 points (9.6%). The Sensex, however, recovered smartly from the day's low and touched a high of 10,904 on back of the news that the RBI has decided to cut CRR by 150 bps as against 50 bps announced earlier in the week.

The recovery, however, was cut short as poor IIP numbers pushed back the index to lower levels. The Sensex thereafter witnessed alternate bouts of buying and selling and finally settled with a loss of 792 points at 10,537.