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Market@May 11: Day's report

As a result of a sharp dip on Nasdaq, a large number of software stocks opened at lower circuit. The sentiment remained extremely bearish for a major part of the day. Marginal recovery came in select software counters in the last 15 minutes. Stocks like Himachal, Zee Tele, Global Tele and SSI closed at lower circuit of 12 per cent (see yesterday's Technical Analysis). Non-software stocks also witnessed selling pressure. L&T and ITC were the strongest counters.

Sensex closed 210 points lower at 4248. Nifty was down 51 points at 1312.

Trading volume was relatively low. Satyam, Infosys, Zee Tele, Himachal and Reliance topped the volume chart accounting for 52 per cent of total trading on the BSE. Wipro touched its all-time high volume.

BSE Sensex

• Open: 4324.19
• High: 4352.56
• Low: 4198.17
• Current: 4248.17

S&P CNX Nifty

• Open: 1359.10
• High: 1359.10
• Low: 1295.95
• Current: 1312.10

• BSE advances: 427
• BSE declines: 1018
• BSE unchanged: 117
• BSE volumes: Rs 2269 crore
• NSE volumes: Rs 3215 crore

Gainers: Between 7.9 per cent and 12 per cent
Cadila Health, Sriven Multi, Eveready, Vakrangee, Balaji Ind, Yash Management, Cybermate, Vanavil Dyes, Websity Info.

Gainers: Between 5 per cent and 7.9 per cent
L&T, Zicom Electronic, Hotel Silver, Electrosteel Castings, NRB Bearings, Amtek Auto, Sab Nife, Elder Health.

Losers: Between 12 per cent and 7.9 per cent
Himachal, Zee, Global Tele, Wipro, Satyam Computer, Pentamedia, Digital Equipment, Sterlite, Rolta, HCL Info, M&M, Cinevista, Essel Packaging, Orient Info, Punjab Tractors, Sun Pharma, TV 18, Philips, Padmini Poly, HCL Tech.

Losers: Between 7.9 per cent and 5 per cent
Silverline, Infosys, DSQ Soft, MTNL, Reliance Capital, NIIT, IPCL, Tata Elxsi, Siemens, Moser Baer, Bombay Dyeing, Jain Studios, Kesoram, Mastek, Parke-Davis, BASF, Svam Soft, Zenith Comp, Snowcem, Alok Textile, Max India.

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