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    After India’s premier IT company admitted to a fraud of Rs 70 billion, the disclosure brought shock waves in corporate India. This plunged the market into a downward spiral.

    The thirty-share index Sensex shut shop at 9586, down 749 points and fifty-share Nifty ended the day at 2920, down 192 points from the previous close.

    CNX Midcap index was down 7 per cent and BSE Smallcap index dipped by 6.29 per cent. All indices closed in the negative with BSE Realty index taking a hit of 16 per cent and BSE IT index down 9 per cent.

    The market breadth remained negative on Wednesday with advances at 98 against declines of 1143 on the NSE. Top Nifty gainers were , and while losers included Satyam, Suzlon and .

    Today, the market is closed on account of Moharram.