Markets down and out

The markets ended in deep red, near the day's low, slumping under the weight of extremely weak global equity markets. The sharp crack in the market was in line with some of its Asian peers such as Nikkei and Hang Seng.The 30-share BSE Sensex plunged 453.36 points (3.4%), to settle at 12,529.62.The S&P CNX Nifty lost 129.45 points (3.4%), to settle at 3,641.10.

Wipro lost 4.6% to Rs 555, Infosys shed 4% to Rs 2017 and TCS lost 4.3% to Rs 1210. Bank shares edged lower. ICICI Bank plunged nearly 6% to Rs 825.60, State Bank of India lost 3.7% to Rs 944.10 and HDFC Bank lost 2.6% to Rs 934.Telecom shares drifted lower. Reliance Communications dropped 4.7% to Rs 396.80, and Bharti Airtel shed nearly 5% to Rs 727.20.Reliance Industries dropped 3.3% to Rs 1282.ONGC lost 3% to Rs 782.