Bombay Stocks Tumble

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

, 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.