Sensex hits 2008 low

The Sensex opened with a negative gap of 524 points at 10,285, and soon tankex to a fresh calendar year low of 10,151. The index is now down 543 points at 10,266.

The NSE Nifty is trading at 3,174, down 164 points.

Reliance Infrastructure, Sterlite and Jaiprakash Associates have slumped around 9% each to Rs 504, Rs 266 and Rs 66, respectively.

Grasim has tumbled over 8% to Rs 1,370. TCS and Reliance Communications have plunged 7.5% each to Rs 501 and Rs 218, respectively.

Reliance and Bharti Airtel have shed 7% each at Rs 1,413 and Rs 669, respectively.

The Sensex opened with a negative gap of 588 points 10,221.

The index is now down 618 points at 10,191.