It was an extremely disappointing day as Sensex saw its third biggest fall single day absolute fall. Both Sensex and Nifty were down over 4% each. Selling was seen in scrips across sectors.

The fall can be attributed to negative news flow on subprime motgage worries from the US. Asia also ended in deep red down between 3%-4%. Taiwan saw the highest fall and was down 4.3% followed by Seoul Comp, Jakarta Comp, Strait Times and Shanghai Comp.

Europ opened in red, CAC and DAX were down nearly 2% each.

All the BSE sector indices closed in deep red. Realty index was the worst hit down over 6% followed by bank, capital goods, metal and oil & gas downover 4% each.

The broader markets also closed in red, with acut of nearly 4%. All the Sensex stocks closed in the red.