Sensex plummets below 10K, lowest since July 2006

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MARKET VIEWS: ICICI SEC: SEE MKTS IN A CONSOLIDATION PHASE FOR NEXT 3-4 TRADING SESSIONS
MARKET VIEWS: ICICI SEC: REMAIN BULLISH ON I.T. SECTOR; TECH STOCKS TO OUTPERFORM MARKETS
PERSISTENT SYSTEMS: HAVE RECENTLY SET UP HYDERABAD SEZ, MAJORITY GROWTH TO COME FROM THERE
PERSISTENT SYSTEMS: 25% BIZ COMING IN FROM THE TELECOM SPACE, 15% FROM LIFE SCIENCES
PERSISTENT SYSTEMS: OPERATING WITH 200 PLUS CUSTOMERS AND 4500 EMPLOYEES CURRENTLY
CRUDE OIL UPDATE: OPEC MINISTERS POISED TO KEEP OUTPUT STEADY WITH OIL OVER $80/BBL
BROKERAGE VIEWS: CREDIT SUISSE: 'OUTPERFORM' ON RIL; COURT DECISION TO DEFINE EPS DOWNSIDE
BNP PARIBAS: FED KEEPING FUNDS TARGET RATE UNCHANGED 'A NON EVENT FOR MARKETS'
FOMC MEET: FEB KEEPS DISCOUNT RATE UNCHANGED AT 0.75%
F&O CUES: STOCK FUTURES SHED 1.03 CRORE SHARES IN OPEN INTEREST
F&O CUES: NIFTY 5200 PUT MOST ACTIVE; 5200 PUT ADDS 19.41 LAKH SHARES IN OPEN INT
F&O CUES: 5100 CALL SHEDS 9.69 LAKH SHARES IN OI
F&O CUES: 5000 CALL SHEDS 5.96 LAKH SHARES IN OPEN INTEREST
F&O CUES: UNWINDING IN NIFTY 5000 AND 5100 CALL OPTIONS
F&O CUES: NIFTY OPEN INTEREST PUT CALL RATIO AT 1.56
F&O CUES: NIFTY FUTURES SHED 8.4 LAKH SHARES IN OPEN INTEREST
SUGAR UPDATE: SUGAR FUTS DROP TO A 7 MTH LOW IN U.S. AS INVESTORS UNWIND LONG POSITIONS
ASIAN MARKETS: COMMODITY STOCKS UP AS CRUDE AND METAL PRICES EASE
ASIAN MARKETS: ASIAN STOCKS BOOSTED BY FED'S COMMENTS ON RATES
COPPER UPDATE: COPPER CLIMBS THE MOST IN TWO WEEKS AS DOLLAR FALLS & INVENTORY DECLINES
GOLD UPDATE: GOLD FUTURES RISE THE MOST IN TWO WEEKS AS DOLLAR DROPS
CRUDE OIL UPDATE: OPEC MINISTERS POISED TO KEEP THE OUTPUT STEADY WITH OIL OVER $80/BBL
CRUDE OIL UPDATE: OIL GAINS THE MOST IN FOUR WEEKS AS DOLLAR FALLS AGAINST EURO
U.S. ECO DATA: FEB HOUSING STARTS FALL 5.9% VS A 6.6% REBOUND IN JAN
U.S. MARKETS: DOW JONES RISES FOR THE 6TH STRAIGHT SESSION; S&P 500 HITS A 17-MONTH HIGH
F&O CUES: NIFTY FUTURES END AT A PREMIUM OF 6.55 PTS VS A PREMIUM OF 3 PTS ON MONDAY
FOMC MEET: FEB KEPT ITS DISCOUNT RATE UNCHANGED AT 0.75%
FOMC MEET: FED TO KEEP RATES NEAR ZERO FOR AN EXTENDED PERIOD
FOMC MEET: FED VOTED TO KEEP FED FUNDS TARGET RATE UNCHANGED
U.S. MARKETS: FED PLEDGES TO KEEP RATE LOW FOR EXTENDED PERIOD

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.