Sensex crashed from the day's high of 4781.20 to close at 4654.72 with a net loss of 47.59 points compared to the last Friday's close of 4702.31. The BSE-100 index eased by 15.78 points to 2155.97 from the previous close of 2171.75.

Brokers said that after a firm start, equities met with strong resistance in the wake of heavy bull liquidation and absence of foreign funds. The early rally which was reflection of high badla rates that lifted the Sensex to the day's high was shortlived as bulls resorted to heavy unloading to wind up their positions ahead of the final elections results set to be declared from October 6 onwards.

Of the 154 traded specified shares, 99 registered sharp to moderate falls while52 showed gains and three remained unchanged. The volume of business was sharply down at Rs 2017.18 crore as compared to last Friday's turnover of Rs 2510.76 crore. Zee Telefilms remained the most active scrip with a turnover of Rs 307.41 crore.

Zee Telefilms recovered by Rs 101.50 to Rs 4430. Satyam Computer gained to Rs 6 at Rs 1128, Silverline Rs 8.20 at Rs 372.65, Hindustan Lever Rs 33 at Rs 2523 and TISCO Rs 1.60 at Rs 141.70. However Ranbaxy dropped by Rs 35.95 to Rs 989.05, Reliance by Rs 3.40 to Rs 231.10, GACL by Rs 20.80 to Rs 471.20, ITC by Rs 19 to Rs 798, Larsen by Rs 16 to Rs 367.50.