UPDATE

UPDATE AT 11 AM ON OCTOBER 1, 2008

Key benchmark indices slipped in the red after firm start as

indexheavyweight Reliance Industries and banking pivotals dropped.

TheBSE 30-share Sensex was down 36.12 points. IT pivotals gained

asthe rupee dropped to a fresh five-year low against the dollar.Larsen

& Toubro turned 1:1 ex-bonus from today. The market breadthwas

positive on BSE. Asian markets were trading mixed today, 1 October

2008. Japan'sNikkei and Taiwan's Taiwan Weighted Average rose

between 0.82% to1.07%. However, South Korea's Seoul Composite

was down 0.35%.Stocks markets in China, Hong Kong and Singapore

were closed today,1 October 2008 for various holidays. At 10:21 IST

, the BSE 30-share Sensex was down 36.12 points or0.23% to 12,831.31.

The index shed 70.58 points at the day's low of12,789.85, hit in

early trade. Renewed hopes of the US Senateapproving a $700 billion

bank bailout package to rescue the economytriggered a firm start.

The Sensex rose 148.04 points at day's highof 13,008.47, in early

trade. The S&P CNX Nifty was down 30.45 points or 0.78% to 3,890.75.

The BSE Mid-Cap index was up 0.02% at 4,799.20 and the BSE

Small-Cap index was up 0.43% at 5,601.55.