3rd Nov. 2009, Mumbai, India

Bombay Stock Exchange scale Sensex dropped by close to about 500 points to close at 2 month low in the middle of a sheer fall in stock exchange across the whole world remembering that the economic upturn will not be as rapid as was expected. Expanding losses to the 6th day in a strip the 30 share Sensex stopped harshly lower by almost 491.34 points closing at 15,404.94 points, which was last observed on September 3rd. The largest fall previous to this was on 17th August when it was down with 600 points. In the preceding 5 trading session, Sensex had almost lost about 914.53 points. Nifty has also dropped by 147.80 points. Frantic selling was further enlarged in the last 1 hour of the trading after in the European stocks actually released weaker. Blue-chips such as RIL, SBI and Infosys led the drop. While Hindalco was the leading loser at about 10.50%. Bharti Airtel, Sun Pharma and Maruti Suzuki did avoid selling fury & thus helped the stock market to turn away from a fall. Amongst the 30 BSE stocks, 27 of them ended with heavy losses. SBI, RIL, Hindalco, Infosys and DLF carried nearly 30 percent mass on the standard index. The Marketmen said that selling was activated by steep fall in the international markets throwing away affirmative developments like improved manufacturing of data in US. However the fears of increasing job losses restrained the investor sentiments.