The 30-share Index, BSE Sensex lost over 400 points as the Reserve Bank of India (RBI) raised the CRR (Cash Reserve Ratio) by 25 basis points and Repo by 50 basis points.

At 11:59, Sensex stood at 13,907.92, down 441.19 points, while the broad-based NSE Nifty lost 103.45 points at 4228.65. It also touched a low of low of 13,903.69.

The overall market breadth was sharply negative as it experienced 886 progressions as against 1367 declinations.

All sectoral Indices were trading negatively led by BSE Bankex, which lost 5.08%, Consumer Goods declined3.63%, Realty fell 3.46% and Power dropped 2.68%. Rest all other indices were trading down marginally.

Sterlite Industries that gained 1.35% to Rs 590.10 was the only gainer at the BSE Sensex.

The major losers at the BSE Sensex included ICICI Bank (plunged 6.86%), HDFC (5.62%) and HDFC Bank (5.08%).

The other losers were Tata Motors, Reliance Infra, Maruti, M&M, SBI, JP Associates, DLF, ACC, and BHEL.