Econonic Times
 
Mumbai, Oct 6: Traders were helplessly gawking at their trading terminals on the Dalal Street as equities plunged sharply after funds took exit route from Indian market. Secondline stocks were the worst hit under performing the benchmarks.

At 3:30 pm, Bombay Stock Exchange’s Sensex was down 711.20 points or 5.68 per cent at an intra-day low of 11,815.12.

National Stock Exchange’s Nifty breached crucial technical support of 3,600 but managed to crawl back at 3,607, down 210.75 points or 5.52 per cent. The index touched a low of 3,597 in trade so far.

BSE Midcap Index was down 6.76 per cent at 4361.48 and BSE Smallcap Index plunged 6.34 per cent to 5,118.91.

Sterlite Industries (14.45%), Tata Steel (12.42%), Jaiprakash Associates (11.41%), Reliance Infrastructure (11.16%), Reliance Communications (10.71%) and DLF (10.7%) were the worst hit.

None of the stocks from the 30-share index managed to brave the tide.

Market breadth weakened further with 2341 declines against 255 advances on BSE.
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