Even the good financial performance from Satyam Computers failed to enthuse the market and the stock was hammered 12.5 per cent to close at Rs 410. Infosys also fell further by 6.5 per cent as the stock fell below the Rs 7,000 market and closed at Rs 6,818.

There were rumours in the market that Schroeders Fund had off-loaded over 5 lakh share of Infosys on Wednesday. Other FIIs too were said to have remained net sellers during the day. The Sensex opened lower following the crash of Nasdaq and even as close to touch the 3800 level but some buying lifted at the fag end of the day. But selling pressure in index heavy weights Infosys and Satyam Computers pulled the Sensex down further to days low of 3803.72 before closing at 3836.51, a fall of 109 points. At NSE, S&P CNX Nifty fell by 37 points to close at 1202.

Selling was extremely strong in technological stocks and nearly all the stocks reported a huge fall. The advance-decline ratio also remained in the grip of the bearish trend.

Among the major losers of the day included Himachal Futuristic. The stock fell by 10.7 per cent to close at Rs 1,082.90. Wipro was also down by 5.93 per cent at Rs 2,283.

NIIT, SSI and DSQ Software were other scrips which fell by more than 5 per cent. The performance of the pivotals was comparatively better. While stocks like ITC and L&T showed a positive close, HLL, Reliance, Reliance Petroleum, SBI, ACC and MTNL showed a negative close. Among the major gainers of the day included TVS Suzuki, rising by 7.12 per cent at Rs 151.15. Bombay Dyeing, in the midst of takeover threat from Arun Bajoria was also up marginally on a dull day.