The bears, who took global cues and played havoc yesterday, showed no mercy this morning and the resultant slide in stock prices sent the benchmark indices Sensex and Nifty crashing down by over 10%. The exchanges have halted trading for an hour now. At 9:56:52 a.m, when BSE cried halt, the Sensex was down by a staggering 11.53% or 2029.05 points at 15,576.30. The Nifty plunged to 4569.50 and was at 4578.35 with a loss of 12.1% or 630.45 points. Index heavyweight Reliance Industries lost over 15%. Reliance Petroleum went down by 20%. Unitech, Larsen & Toubro, Reliance Communications, NTPC, Cairn India, Sterlite Industries, Idea Cellular, Zee Entertainment, ITC, Ambuja Cements, Tata Steel, Grasim Industries, State Bank of India, ONGC, Reliance Energy, BHEL, Suzlon Energy, Tata Power, ACC and SAIL lost 10% - 20%.
Bajaj Auto and HDFC Bank, faring a lot better, are down just marginally from their previous closing levels. All other Sensex and Nifty components have posted sharp losses.
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