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Market@June 5: Day's report

A smart rally on Nasdaq had a positive impact on opening values. Almost all the software stocks opened at the upper circuit and several stocks hit the 12 per cent circuit after the cooling period.

The sentiment remained positive for the software stocks untill Satyam Computer came under strong selling pressure in the last one hour of trading. It fell one way from Rs 2900 to the lower circuit of Rs 2408 -- a fall of nearly 20 per cent.

The panic spread to other software stocks also and heavy offloading took place in the last half-an-hour of trading. Meanwhile, among the non-software stocks ITC, Tisco and ICICI remained under pressure. Reliance showed mixed trend. The overall trading volume remained high on both the exchanges.

Satyam Computer, Zee Tele, Reliance, Himachal Futuristic and Infosys topped the volume charts accounting for 51 per cent of the total trading volume on the BSE.

Sensex

• Open: 4609.78
• High: 4705.49
• Low: 4485.29
• Close: 4532.55

Nifty

• Open: 1390.95
• High: 1461.05
• Low: 1390.95
• Close: 1405.15

• BSE advances: 957
• BSE declines: 461
• BSE unchanged: 101
• BSE volumes: Rs 3802 crore
• NSE volumes: Rs 4952 crore

Gainers: Between 7.9 per cent and 12 per cent
Zee Tele, Rolta, SSI, ICICI Bank, Wipro, Pentamedia, HCL Tech, RS Soft, Jain Studio, Vikas WSP, Cinevista, Media Vedio, Crest Com, Tata Info, Nath Seeds, Denim Ent, Leading Edge, Salora Int, TVS Elect, Frontier Info, Sonata Soft, Hughes Soft, Sibar Soft and Sierra Optima.

Gainers: Between 5 per cent and 7.9 per cent
Infosys, HDFC, HCL Info, Pun Tractors, BPL, Glaxo, Century, BPCL, McDowell, Orient Info, Padmini Poly, Global Tele, Hoechst Mar, Shyam Tele, TV 18, Indian Rayon, PSI Data, Sri Adhikari, Shipping Corp and Nocil.

Losers: Between 12 per cent and 7.9 per cent
Synergy Log, Mascon Global, Bharat Bijlee and TTK Pharma.

Losers: Between 7.9 per cent and 5 per cent
Satyam Comp, Bharat Electronics, Hero Honda, Jupiter Orga, Soffia Soft, Alpic Fin, Orient Paper and Eveready.

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