New Delhi - India's benchmark Sensex Friday plunged to two-year lows under 10,000 points, registering a fall of 5.73 per cent on heavy selling by funds and investors.
After opening on a strong note, the 30-share sensitive index closed the day's trade down 606.14 points to 9,975.35, a level last seen in June 2006.
The index had touched the day's low of 9,911.32 during the day and a high of 10,786.93.
All blue-chip stocks including Reliance Industries, DLF Limited, Bharti Airtel, ICICI Bank and State Bank of India fell between 6 to 10 per cent. Realty and power stocks were the major contributors to the fall.
Similarly, the broader 50-share Nifty index fell by 194.95 points, or 5.96 per cent, to 3,074.35.
The whole sale price index (WPI) based inflation rate declined to 11.44% for the week ended October 4. It was stood at 11.8% for the previous week. This is good news for the government as it is taking various steps through the reserve bank to tame the inflation rate.
On Thursday, a bonus of Rs 50 over the minimum support price (MSP) was announced by the Govt, which was shocked by the reports of a drop in paddy arrivals and procurement. As of now, the common grade paddy has an MSP of Rs 850 per quintal, and the grade ‘A’ carries an MSP of Rs 880 per quintal. 
The Supreme Court has granted time to the Orissa government to file a counter-affidavit to the petition seeking a CBI investigation into the alleged rape of a nun in Kandhamal. The Orissa Government submitted before the Supreme Court that the petitioner, who is seeking a CBI investigation in the Kandhamal nun rape case, should be directed to place on record some reliable and concrete evidence to substantiate his allegations.
While attending the 24th conference of accountants general, the Prime Minister Emphasized the need to scrutinize the Public Private Programmes (PPP) for Fiscal discipline with an aim that it achieves its goals without any hindrances. The responsibility of such a scrutiny shall be with the Comptroller and Auditor General (CAG) which will carry out the evaluation just as it is does for the government agencies.
