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March 30, 2000

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Market@30 March: Day's report

Software 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

  • Open: 4984.10
  • High: 5058.44
  • Low: 4891.40
  • Current: 5042.08

Nifty

  • Open: 1556.95
  • High: 1557.85
  • Low: 1489.10
  • Current: 1549.25
  • BSE advances: 705
  • BSE declines: 1190
  • BSE unchanged: 186
  • BSE volume: Rs 3048 crore
  • NSE volume: Rs 4378 crore

Stocks at upper circuit
Reliance, ATN International, Sri Adhikari, Mobile Tele, Catvision, Tube Investment, Xo Tronic, KEC International, Shasun Chemicals, Global Trust, Plastiblends, Blue Dart, Kotak Mahindra Finance, Berger Paints, Autoride Industries and Samtel Electron.

Stocks at lower circuit
Wipro, Rolta, NIIT, GV Films, Global Tele, Silverline, Yash Management, Sawaca Comm, Frontier Info, Filmcity Media, S Kumar Power, MP Tele, Jupiter Orga, Cybermate, PCS, Kaashyap Radiant, Zicom Electronic, Principal Pharma, Tata Telecom, Cybertech, Modiluft, IEC Soft, Sonata Software, Videocon VCR, Kopran Drugs, Vans Info and Shyam Tele.

Stocks up over 5 per cent
Reliance Petro, McDowell, Alok Textiles, Advent Computers, Tata Power, P&G, Bank of India, Ballarpur, Gujarat Gas, Jaiprakash, Modi Xerox, Bhartiya International, Camlin, Goa Carbon and Hindustan Motors.

Stocks down over 5 per cent
Satyam Computer, Infosys, BSES, Digital Equipment, HDFC, HPCL, SSI, Tata Elxsi, M&M, VSNL, GV Films, Aptech, Ojas Techno, HCL Techno, Filmcity Media, Kale Consultants, Peerless Shipping, NELCO, Atcom Tech, Nath Seeds, Tanu Leafin, Tata Finance, TVS Electronics, Vision Techno, PSI Data, Mangalam Cement and VXL Instruments.

Stocks

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