Market dwindled on opening, extending recent fall due to setback in global equities. Asian markets fell as investors sold financial shares on credit worries caused by the US subprime crisis.

The 30-share BSE Sensex was down 192.86 points or 1% at 19,096.97. It touched a low of 18,973.42 in early trade. At day's low of 18,973.42, Sensex had lost 316.41 points

The broader S&P; CNX Nifty was down 70.5 points or 1.22% at 5711.85.

The BSE Mid-Cap index was down 62.72 points or 0.79% at 7,923.24, while the BSE Small-Cap index was lower by 78.45 points or 0.81% at 9,616.68.

Among heavyweights, Reliance Industries fell 0.68% to Rs 2744, Infosys Technologies dropped 0.22% to Rs 1740 and ICICI Bank declined 1.40% to Rs 1185.

State bank of India gave away 1.30% to Rs 2237.

Larsen & Toubro gained 0.87% to Rs 4150.20, Mahindra & Mahindra rose 0.42% to Rs 763 and Hindustan Unilever rose 0.26% to Rs 192.70.

The BSE Metal index was the worst performer among the sectoral indices on BSE. The Metal index lost 173.41 points or 1% to 17,194.31. The BSE IT index was down 32.01 points or 0.745 at 4,311.41.

Asian stock markets fell on Thursday, 8 November 2007, as investors dumped financial stocks amid growing fears of further fallout from the US credit market crisis, while the weak dollar weighed on the region's major exporters. Key benchmark indices in Hong Kong, Japan, South Korea, and Taiwan were down by between 2.59% to 3.71%.

The sell-off in stocks started on Wall Street following news of a probe of the US home loan industry by New York's attorney general and after Washington Mutual, the top US savings and loans firm, warned the housing downturn would extend well into next year. The Dow Jones industrial average sank 360.92 points, or 2.64% on Wednesday, 7 November 2007, to end at 13,300.02.

The Standard & Poor's 500 Index lost 44.65 points, or 2.94%, to 1,475.62 -- the index's worst percentage drop since 9 Aug 2007, when French bank BNP Paribas spooked global markets by freezing three funds due to subprime fears. The Nasdaq Composite Index slid 76.42 points to 2,748.76. General Motors added to the gloom by posting its biggest-ever quarterly loss due in part to a deeper-than-expected loss at former finance subsidiary GMAC.

The 30-share BSE Sensex lost 110.84 points or 0.57% at 19289.83 on Wednesday, 7 November 2007, with the index declining for a third day in a row. As per provisional data, FIIs bought shares worth a net Rs 431 crore on Wednesday, 7 November 2007. Domestic institutions bought shares worth a net Rs 95 crore on that day.

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