Sensex slumps 330 points at close

In a highly volatile trading session today, the index, led by a steep fall in PSU frontliners, crashed by a whopping 372 points during the intra-day trades.

Soon after touching a high of 5,416 on selective buying support during the early morning trades, the index tumbled from higher levels to remain weak thereafter following correction in most of the old economy stocks.

The statement of CPI and CPM on the scrapping of disinvestment of all the profit-making PSUs, sent the markets crashing in early noon deals. The market was in total shambles towards the closing hours, as the index plunged below the 5,100-mark to touch a low of 5,051.

The Sensex wrapped up the session with a huge slump of 6.10% (down 330 points) at 5,070. The Nifty shed 7.87% (down 135 points) to close at 1,582.

BSEPSU index dropped 14.41% in a highly charged selling session today.

ONGC [ Get Quote ] plummeted 12.47% (Rs 103) to Rs 723. SBI [ Get Quote ] tanked 14.77% (Rs 89) to Rs 515.

BHEL dropped 14.80% (Rs 83) to Rs 479. HPCL [ Get Quote ] lost 12.81% (Rs 49) to Rs 331. MTNL [ Get Quote ] declined 13.10% (Rs 17) to Rs 115.

Hindalco [ Get Quote ] crashed 5.81% (Rs 55) to Rs 890. While HDFC [ Get Quote ] shot down nearly 8% (Rs 47) to Rs 541, HDFC Bank was dwon nearly 3% (Rs 11) at Rs 361.

Bharti dipped 10.25% (Rs 16) to Rs 144. While ICICI Bank [ Get Quote ] shed 6.95% (Rs 20) to Rs 265, Reliance Energy [ Get Quote ] slipped 9.29% (Rs 66) to Rs 641. Tata Power [ Get Quote ] succumbed to heavy losses by closing 10.51% lower (Rs 38) at Rs 323. Tisco [ Get Quote ] was down 9.25% (Rs 29) at Rs 289. Zee dropped 8.51% (Rs 11) to Rs 113.

Grasim [ Get Quote ] slumped 6.37% (Rs 74) to Rs 1,081. While ACC lost 5% (Rs 14) to Rs 267, Gujarat Ambuja [ Get Quote ] was down 3.78% (Rs 12) at Rs 311. L&T also ended lower by 5.61% (Rs 30) to Rs 513.

Reliance dropped 6.77% (Rs 35) to Rs 477. While ITC dipped 3.48% (Rs 33) to Rs 914, HLL [ Get Quote ] closed down a tad at Rs 141.

Infosys [ Get Quote ] lost 2.26% (Rs 118) to Rs 5,082. While Wipro [ Get Quote ] crashed 3.62% (Rs 58) to Rs 1,546, Satyam [ Get Quote ] closed down a rupee at Rs 312.

Tata Motors [ Get Quote ] shed 7.45% (Rs 33) to Rs 413. While Bajaj [ Images ] was down 2.14% (Rs 20) at Rs 913, Hero Honda [ Images ] slipped nearly 2% (Rs 8) to Rs 443.

While Cipla was down 5.31% (Rs 14) at Rs 248, Dr. Reddy's was down a per cent (Rs 5) at Rs 839. Ranbaxy [ Get Quote ] also ended marginally weak at Rs 1,035.