The domestic bourses crashed on Wednesday as global financial concerns haunted investors.
At 11.10 am, the Bombay Stock Exchange benchmark Sensex plunged by 885.86 points at 10,809.38 following melting global stock markets on deepening worldwide financial crisis.
All BSE sectoral indices were trading in the negative led by consumer durables, metal, IT and realty stocks.
The broader based index of the National Stock Exchange, Nifty, lost over 200 points, breaching the 3,400 mark with all the heavy-weight stocks trading in the negative zone.
Marketmen said apart from sharp losses in the global stock markets, depreciating Indian rupee against the US dollar too dampened the trading sentiments here. Indian rupee fell by 37 paise to 48.28 against the dollar in early trade on the Forex market on Wednesday.
Stocks which dragged the BSE barometer down are Larsen and Toubro, BHEL, Tata Steel, Reliance Industries, Reliance Infra, Rcom, ICICI Bank, HDFC Bank, State Bank of India, Bharti Airtel, Infosys Technologies, Satyam Computers, Tata Consultancy, Wipro, Grasim Industries, ACC and HDFC Ltd.
Meanwhile, Hong Kong and Japanese shares plunged nearly 5 per cent each in early trade.
The US Dow Jones Industries lost more than 500 points to 9,447.11, its lowest close in five years.
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