Sensex at 13-month low

10:40 am: Sensex at 13-month low of 17,334, down by 359 points. Infosys plunges to 2-year low of Rs 2,600. Nifty at 5,200.

10:21 am: Nifty is at 5,220, its high of the day. CNX IT is the biggest loser among indices, giving up 3.2%. Sensex at 17,326, down by 366 points.

10:05 am: HPCL, BPCL, ONGC gain as crude oil falls to around $86 a barrel. ONGC is the only stock in the Sensex that is in positive territory (0.5%). Sensex slips further to 17247,  Nifty at 5,208.

9:55 am: IT stocks slump. TCS slips 5% to Rs 1,045. Sensex at 17,265, down 427 points, Nifty at 5,197, lower by 134 points.

9:31 am: Reliance Industries shares fall below Rs 800. Sterlite and many other stocks hit 52-week lows. Sensex at 17,273, still down by 420 points.

The Bombay Stock Exchange benchmark Sensex plunged by 467 points in early trade on heavy selling by funds and investors in line with melting global markets amid worries over the US economy and the European debt crisis.

The 30-share Sensex, which had lost nearly 620 points in the previous three straight sessions, tanked another 466.78 points to trade at 17,226.40 points in the first few minutes of trade.

Nearly 14 billion shares changed hands, the busiest trading day in more than a year. AFP