BSE Sensex drops 1.99% as market still on slump led by IT

The BSE Sensex tumbled 328.12 points or 1.99% to settle at 16,141.67, its lowest closing level since 25 May 2010. The Sensex lost 482.02 points at the day's low of 15,987.77 in mid-afternoon trade. The index fell 182.07 points at the day's high of 16,287.72 in morning trade.

The S&P CNX Nifty fell 98.50 points or 1.99% to settle at 4,845.65, its lowest closing level since 25 May 2010. The Nifty hit a low of 4,796.10 in intraday trade.

The BSE Mid-Cap index declined 1.36%, outperforming the Sensex. The BSE Small-Cap index fell 2.01%, underperforming the Sensex.

The total turnover on BSE amounted to Rs 2753 crore, higher than Rs 2241.65 crore clocked on Thursday.

Twelve out of 13 sectoral indices on BSE declined. The BSE IT index (down 4.41%), the BSE Capital Goods index (down 4.17%), and BSE TecK index (down 3.7%), outperformed the Sensex. The BSE Realty index (up 0.77%), the BSE Metal index (down 0.39%), and the BSE Realty index (down 0.7%), underperformed the Sensex.

Market Breadth:

Positive 773 Negative 2083 Unchanged 105
From the 30 share Sensex pack, 21 fell and rest rose.