The market see sawed violently around the 9,000 mark in the day's work.
Mumbai: The BSE Sensex provisionally fell 11.58 percent on Friday to near three-year lows, amid a global equities rout as fears of a sharp downturn triggered a flight from risky assets.
Sentiment was also dented after the Reserve Bank of India kept interest rates unchanged at its policy review and lowered its economic growth forecast for 2008/09 to 7.5-8 per cent from around 8 per cent, traders said.
The main 30-share BSE index provisionally fell 1,131.82 points to 8,639.88, with all its components in the negative zone.
The 50-share NSE index provisionally dropped 13.11 per cent to 2,557.25 points.
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