Sensex plummets below 10K, lowest since July 2006

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REJIG AT JSPL: RS SHARMA, FORMER CMD, NTPC TO JOIN JINDAL POWER AS THE MD: SRCS
TVS MOTOR TO NDTV: SEE 5% MKT SHARE & ANNUAL VOLUMES OF 3,00,000 UNITS BY 2013-14 IN INDONESIA
COTTON EXPORTS: INDIA TO LIMIT COTTON EXPORTS TO 5.5 MN BALES FROM OCT 1
RUPEE AT CLOSE: RUPEE CLOSES AT 46.63/$ VS 46.71/$ ON SEPTEMBER 2
ROUBINI: ECB POLICY SHOULD BE LOOSER; SUPPORT WEAKER EURO
U.S. ECO DATA: AUGUST NON-FARM PAYROLLS DOWN 54,000 VS CONSENSUS OF 1,05,000
U.S. ECO DATA: AUGUST UNEMPLOYMENT RATE RISES TO 9.6% VS 9.5% IN JULY
FUND ACTION: FOREIGN FUNDS NET BUY `147.90 CR ($31.62 MN) IN EQUITIES ON SEPT 2
FUND ACTION: MUTUAL FUNDS NET BUY `19.5 CR IN EQUITIES ON SEPTEMBER 2
FUND ACTION: DOMESTIC FUNDS NET SELL `123.5 CR IN EQUITIES ON SEPTEMBER 3 (PROVISIONAL)
FUND ACTION: FOREIGN FUNDS NET BUY `283.02 CR IN EQUITIES ON SEPTEMBER 3 (PROVISIONAL)
BOC INDIA: STARTS COMMERCIAL PRODUCTION AT THE DEHRADUN UNIT
NMDC: IN TALKS TO BUY STAKE IN ZIMBABWE ROCK PHOSPHATE MINE
BASF: BOARD TO CONSIDER MERGER OF UNITS WITH THE CO ON SEPTEMBER 9
NATCO PHARMA: CELGENE PLANNING COMPLAINT AGAINST NATCO PHARMA ALLEGING INFRINGEMENT
NTPC: MAY SET UP 1320 MW COAL-BASED POWER PLANT IN B'DESH IN JV WITH BPDB
ANANT RAJ INDS: ACQUIRES JUBILANT SOFTWARE SERVICE FOR `81 CR
MARKETS THIS WEEK: SMALLCAPS: EIH ASSOC HOTELS UP 62.4%, VINDHYA TELELINKS UP 42.6%
MARKETS THIS WEEK: MIDCAPS: UNITED BREWERIES UP 30.5%, KEC INTL UP 15.4%, NIRMA UP 14.3%
MARKETS THIS WEEK: NIFTY: BHARTI UP 7.5%, RANBAXY UP 7.2%, TATA STEEL UP 6%, UNITECH UP 5.3%
MARKETS THIS WEEK: FMCG INDEX UP 3.16%, BSE REALTY INDEX UP 3.05%, AUTO INDEX UP 2.96%
MARKETS THIS WEEK: CNX MIDCAP INDEX UP 1.84%, BSE SMALLCAP INDEX UP 2.75%
MARKETS THIS WEEK: SENSEX CLOSES UP 1.17%, NIFTY UP 1.26% FOR THE WEEK
TVS MOTOR TO NDTV: TO SET UP AN ENGINE PLANT & DESIGN CENTRE IN INDONESIA POST 2011
BAJAJ FINSERV: SEBI NOD AWAITED FOR MF BIZ; TO START OPS IN 9 MONTHS FROM APPROVAL
TATA STEEL: MAY SELL $1-1.5 BN IN BONDS WITHIN THE NEXT YEAR TO REPAY PORTION OF LOANS
TATA STEEL: CO PLANS TO REFINANCE AS MUCH AS $6.5 BN LONG TERM DEBT: CFO
TATA STEEL: SBI MAY ARRANGE GBP 1 BN OVER THE NEXT 7 YEARS
TATA STEEL: IN TALKS WITH BANKS FOR GBP 3.5 BN ($5.4 BN) IN LOANS FOR ITS U.K. UNIT
CIPLA: TO GIVE DETAILS OF POSSIBLE AFRICAN INVESTMENT IN 45 DAYS

Updated: 17/10/2008 | 03:18 PM IST

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NDTV Correspondent

Friday, October 17, 2008 (New Delhi)

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The Sensex plunged below the 10,000 levels in late trade as trading in US index futures suggested the Dow would fall 219 points at the opening bell. The European indices pared some of the gains after opening sharply in the green.

This is the lowest level of the Sensex since July 2006. The benchmark index was trading at 10,017, after hitting the day’s low of 9,975. The Nifty was trading at 3085, down over 183 points.

The realty and metal indices were the biggest losers in today’s carnage. The realty index on the BSE is down nearly 9 per cent while the metal index lost over 5 per cent.

All the Sensex stocks were trading in the red, with Rel Infra down over 11 per cent. The other major losers include JP Associates, down over 9 per cent; NTPC, down 9 per cent; and RCom, down 9 per cent.