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March 30, 2000
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Market@30 March: Day's reportSoftware cracks but recovers in the end. Reliance hits the upper circuit, changing the market sentiment. Volatility peaks. Sensex dips 60 points to 5042, Nifty falls 9 points to 1549. Thanks to a sharp drop on the NASDAQ, software stocks opened weak and witnessed panic selling. As a result, nearly 80 per cent of the main software stocks hit the lower circuit. The bearish trend also spread to other counters. However, during the second half of the day, a sharp recovery in Reliance from Rs 260 to Rs 291 within a period of 20 minutes changed the sentiment drastically. Software stocks too showed a smart rally from their lows. Himachal, Satyam Computer, Zee Tele, DSQ Software and Reliance topped volume chart accounting for nearly 60 per cent of the total traded volume on the BSE. Sensex
Nifty
Stocks at upper circuit
Stocks at lower circuit
Stocks up over 5 per cent
Stocks down over 5 per cent
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