Skip to main content

Bombay Stocks Tumble

The Sensex falls below 10,000 for the first time since Feb. 17.

Bombay stocks plunged again Tuesday, dropping below 10,000 for the first time since Feb. 17.

The BSE Sensex dropped 256 points to close at 9,957. The index has lost 20% in the last month and is down 21% from its May 11 peak.

Tuesday's losers included

Grasim

, which fell 4.9%,

Hindalco

, down 4.2%, and

Ranbaxy

Scroll to Continue

TheStreet Recommends

, off 3.9%.

Only three of the index's 30 components rose, led by

SBI

, which rose 3.2%.

Patni Computer Systems

shed 2% even as it was reported that the company acquired ZAiQ Technologies of the U.S.

Thermax

declined 5.3% despite orders for power plants in Tamil Nadu, Kolkata and Andhra Pradesh with a total generating capacity of 108 MW.

This story was created through a joint venture between TheStreet.com and IRIS.