BOMBAY -- The Bombay stocks sold off again Thursday, dropping 3.2% after earlier threatening to fall below 10,000.

The Sensex dropped 327 points to close at 10,071. The index traded as low as 10,017, putting it 21% below its peak of three weeks ago.

Losers included Maruti, which dropped 7.2%, Hindalco, down 6.4%, and Tata Motors ( TTM), down 6.2%.

Raymond fell 5.8% despite a denim joint venture with UCO NV. Wockhardt rose 2.8% on FDA approval for marketing of Clarithromycin tablets.

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