Sensex hammered amid global carnage

Wednesday, October 08, 2008 (Mumbai) The key benchmark indices recovered sharply from lower level in early afternoon trade. The BSE 30-share Sensex was down 525.35 points. The barometer index recovered close to 400 points from the day's low. Sensex had nearly 950 points at intraday low. Both the key benchmark Sensex and Nifty hit fresh 2-year lows in early afternoon trade before staging a recovery. At 12:38 IST, the BSE 30-share Sensex was down 525.34 points or 4.49% to 11,177.88. The index tanked 954.48 points at the day's low of 10,740.76, its lowest level since 2 August 2006. The Sensex fell 379 points at day’s high of 11,316.24, in early trade. The S&P CNX Nifty was down 157.20 points or 4.36% to 3,358.25. The index hit a low of 3,329.45, its lowet level since 12 September 2006. The BSE Mid-Cap index was down 8.25% at... [read full story]