Across-the-board selling saw Sensex slip by 2.85%, as Indian market fell in line with weak international markets. The market showed no sign of recovery after resuming in negative territory at 9213, asthe sentiment turned extremely bearish. Following the sharp fall in heavyweights, a correction in reality, consumer durable, banking, metal and tech stocks dragged the index below 9000 mark in afternoon to touch the day's low of 8994, down 311 points. Sensex closed 270 points down at 9035 while Nifty shed 78 points to close at 2771.

All the sectoral indices were hammered. BSE Realty led the slump and closed 4.95% down followed by BSE CD (down 4.56%), BSE Bankex (down 4.14%) and BSE Metal (down 3.85%).

The market breadth was extremely weak. Of the 2,504 stocks traded on the BSE 1,722 stocks declined, whereas 682 stocks advanced. Hundred stocks ended unchanged. Of the 30 Sensex stock only one advanced while 29 declined. Among major losers Tata Steel slumped by 6.74% at Rs171.65, ICICI Bank shed 5.69% at Rs385.90, DLF declined by 5.19% at Rs147.85, Mahindra & Mahindra lost 5.01% at Rs298.70, Hindalco Industries shed 4.74% at Rs42.20, Reliance Communications fell 4.53% at Rs163.40, HDFC slipped by 4.37% at Rs1432.45, Reliance Industries plunged 3.90% at Rs1267.60 and HDFC Bank tumbled by 3.77% at Rs880.25. The other blue chips also fell around 1-3% each. ITC was the only gainer adding 0.08% at Rs180.55.

Satyam Computer Services was the most actively traded counter with volume of over 2.20 crore shares on the BSE followed by Unitech (1.11 crore shares), Suzlon Energy (96.98 lakh shares), Hexaware Technologies (83.80 lakh shares) and Cals Refineries (77.65 lakh shares).