The Sensex opened with a huge positive gap of 292 points at 20,130 on the back of the US Federal Reserve move to cut interest rate by 25 basis points. The index touched a high of 20,204 in opening trades.
Profit-taking at higher levels saw the index pare gains, and slip into negative zone in early noon deals. A fresh round of selling in late trades saw the index drop to a low of 19,634 - down 570 points from the day's high. The Sensex finally ended with a loss of 114 points at 19,724.
The Nifty lost 34 points at 5,866.
The BSE Mid-cap index dropped 2% to 7967, and the Small-cap index declined 1.5% to 9647.
The FMCG index plunged over 4% to 2038. The Realty index dropped 3% to 10,192. The Auto and Consumer Durables indices declined 2% each to 5391 and 5173, respectively.
The Bankex and Capital Goods indices moved up nearly 2% each to 10,852 and 20,141, respectively.
The market breadth was fairly negative - out of 2,815 stocks traded, 1,817 declined, 943 advanced and 55 were unchanged today.
INDEX SHAKERS...
Maruti Suzuki, Hindustan Unilever and Bharti Airtel plunged over 6% each to Rs 1,004, Rs 194 and Rs 943, respectively.
Reliance Energy slumped over 5% to Rs 1,768. Hindalco, ITC and Reliance dropped over 4% each to Rs 188, Rs 172 and Rs 2,672, respectively.
NTPC shed 3% at Rs 232, and HDFC slipped 2.7% to Rs 2,697.
ACC, Tata Steel and Bajaj Auto tumbled over 2% each to Rs 1,053, Rs 885 and Rs 2,422, respectively.
Tata Motors and TCS declined 1.7% each to Rs 744 and Rs 1,020, respectively.
Dr.Reddy's, Cipla and Satyam were down around 1.5% each at Rs 611, Rs 176 and Rs 471, respectively.
...AND THE MOVERS
ONGC zoomed nearly 7% to Rs 1,330. Larsen & Toubro gained over 4% to Rs 4,427.
ICICI Bank rallied 3.3% to Rs 1,299, and Reliance Communications surged 2% to Rs 791.
Ranbaxy gained 2% at Rs 436. BHEL and Infosys moved up 1.8% each to Rs 2,661 and Rs 1,870, respectively.
Mahindra & Mahindra and HDFC Bank advanced over 1% each to Rs 765 and Rs 1,676, respectively.
VALUE & VOLUME TOPPERS
Reliance Petro topped the value chart with a turnover Rs 1,566 crore followed by Reliance Natural (Rs 967 crore), Reliance Communications (Rs 522 crore), Reliance (Rs 409 crore) and Larsen & Toubro (Rs 378 crore).
Reliance Natural led the volume chart with trades of around 7.24 crore shares followed by Reliance Petro (5.73 crore), Tata Tele (2.10 crore), Power Grid (1.41 crore) and IFCI (1.32 crore).