Following the hefty 1,814-point loss last week, the Sensex opened with a negative gap of 94 points at 19,014, and continued to drift deeper into red as the day progressed.

Relentless selling in the last session saw the index tumble to a low of 16,951 – down 2,063 points (10.8%) from the previous close. (Since the index had dropped over 10% after 1400 hrs, the circuit limit was placed at 15%).

Bargain hunting at lower levels saw the index recover some ground, and finally end at 17,605 – down 1,408 points (7.4%); the biggest-ever loss in absolute terms and also the first-ever four digit loss for the index.

While the Midcap Index plunged 1,012 points (11.4%) to 7,882, the Smallcap Index tumbled 1,249 points (10.3%) to 9,443.

The NSE Nifty shed 496 points (8.7%) at 5,209.

The BSE breadth was extremely negative – out of 2,810 stocks traded, 2,657 declined, 139 advanced and 14 were unchanged.

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