Sensex breaches 9K as selling intensifies

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INDIA VICTIM OF TERRORISM FROM ACROSS BORDERS FOR THE LAST 25 YEARS
EDUCATION, HEALTH CARE SECTOR NEED MORE REFORMS
FDI INFLOWS OVER $120 BN SINCE 2001-02
GROWTH ESTIMATED AT 6.5% THIS FISCAL, TO WIND DOWN FISCAL STIMULUS NEXT YR
INDIA'S ECONOMY NOW MORE OPEN TO TRADE AND INVESTMENT
ECONOMY TO GROW ESTIMATED 6.5% THIS FISCAL
INDIA TO WIND DOWN FISCAL STIMULUS NEXT YEAR
TO LAUNCH A 3 SCREEN MULTIPLEX IN KANPUR
OCT STEEL SALES UP 38% AT 4.62 LAKH TONNES VS 3.35 LAKH TONNES (YOY)
OCTOBER CRUDE STEEL PRODUCTION UP 22% AT 599,000 TONS (YOY)
OCTOBER SAW THE BEST EVER PRODUCTION IN MOST UNITS
SMS BOS < space > stock query at 56388
CRUDE FALLS 2.6% TO $77.43 BBL
COPPER DOWN TO $6490/TON ON WEAK DEMAND AND US UNEMPLOYMENT DATA
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Stock moves on WAP: Logon to mobile.ndtv.com on GPRS browser
SMS INDEX to 56388 for live market updates
Finance buzz: Logon to mobile.ndtv.com on GPRS browsers
Stock updates: SMS STO followed by scrip name to 56388
For Kingfisher Airlines flight updates sms KING to 56388
CO TO LAUNCH ITS 3 SCREENS MULTIPLEX IN KANPUR
DOW JONES UP 0.17%; NASDAQ UP 0.34%; S &P 500 UP 0.25%
RCOM LOSES 0.1%, SHEDS 23.5 LAKH SHARES IN OPEN INTEREST
IDEA LOSES 5.2%, ADDS 30.6 LAKH SHARES IN OPEN INTEREST
ASHOK LEYLAND GAINS 4.9%, ADDS 32.4 LAKH SHARES IN OPEN INTEREST
NIFTY CLOSES JUST BELOW 4800 AFTER A GAP UP OPENING
STRONG AT $1095/OZ AS SAFETY MEASURE POST RISE IN U.S UNEMPLOYMENT DATA
U.S UNEMPLOYMENT DATA AT 26 YEAR HIGH;CRUDE FALLS 2.6% TO $77.43 BBL
SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388

Updated: 17/11/2008 | 12:27 PM IST

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NDTV Correspondent

Monday, November 17, 2008 (Mumbai)

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The benchmark index plunged below the 9K mark in the intraday trade as economic gloom intensified across the world. Japan has been officially declared to be in a recession.

The markets opened positive today on key measures announced by the RBI on Saturday. However, a weak Asian market weighed on the Sensex and it gave up the early gains.

Among the Sensex stocks, Rel Infra, HDFC Bank, and Sterlite Ind shed nearly 6 per cent.

Banking, realty and metal sectors witnessed the heaviest selling.

RBI on Saturday announced measures to improve money market liquidity and help exporters.

The measures include extension of a special repurchase facility to provide liquidity for mutual funds and non-banking finance companies till March 2009, increase in the limit on export credit refinance available to banks, allowing housing finance companies to raise funds through short-term overseas borrowings, reduction in provisioning on standard assets of banks to a uniform level of 0.4%, and reduction in risk weights for banks on commercial real estate and on unrated claims on corporates.