The 30 share index, Sensex lost 1,998.47 points during in the week ended Oct 10, while the broad based NSE Nifty plunged 538.35 points in the same period.

Mid-cap stocks dropped 1,001.8 points to 3,676 in the week. On the other hand, small-cap shares slipped 1,109.95 points to 4,355.45 during the week.

The markets, all through the week, remained under huge pressure because of turmoil in worldwide markets. 

For the month of August 2008, India’s Index of Industrial Production (IIP) index decline to 1.3% as against 7.1% on m-o-m basis. 

On the other hand, the inflationary figures fell further to 11.8% for the week ended Sep 27, 2008, as against 11.99% during the week before.

Moreover, when Sensex plummeted to 10,300 on Friday, the central bank swung into action and announced a one percentage point cut in the cash reserve ratio. The RBI had already cut the CRR by 0.5 percentage point on Oct 06.

The BSE Sensex, on Friday, ended the week at 10,527.85, down 800.51 points, while Nifty ended the week at 3,279.95 after losing 233.70 points. 

Ranbaxy Laboratories was the only gainer in 30-share index over the week with rise of 10.82%.

The major losers in the Sensex during the week were Jaiprakash Associates (34.41%), Sterlite Industries (India) (30.70%), Reliance Energy (28.75%), Reliance Communications (28.75%), ICICI Bank (27.83%) and Tata Steel (26.99%).