Markets Turn Deeper in Red

This was undoubtedly the worst week for the Indian as well as the US stock markets, so far in 2008. The BSE Sensex ended the week, 15 per cent down over last Friday’s close. After ending in the negative zone on Friday (3 October), the markets continued their falling streak on Monday. The BSE Sensex plunged below the 12000 mark to close at 11801. The NSE Nifty also slipped by 215 points to close at 3602. All of the 30 companies on the BSE Sensex ended in the red. The major losers which dragged the Sensex down were Reliance Industries, L&T, Infosys and HDFC. On the co