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Market@May 2: Day's report

Last moment panic selling erodes all gains. Software stocks had maintained a steady trend for most part of the day.

However, in the last half an hour, there was a major selling witnessed triggered by momentum stocks Himachal and Global. The stocks were down more than 6 per cent each and lost more than 12 per cent from their respective highs.

Stocks like Zee and SSI also figured among the prominent losers. Infosys was the only tech stock that did not react. It was up 5 per cent.

Pivotals too lost ground in the second half and counters like Bhel and Tisco have lost considerably from their highs.

Sensex up 19 points at 3538. Nifty up 12 points at 1137.

Sensex:

• Open: 3565.53
• High: 3586.64
• Low: 3530.25
• Close: 3538

S&P CNX Nifty:

• Open: 1125.45
• High: 1150.65
• Low: 1125.25
• Close: 1134.35

• BSE advances: 653
• BSE declines: 530
• BSE unchanged: 86
• BSE volume: Rs 1498 crore

Most active:
Infosys, Satyam, Global, Wipro, Digital.

Gainers: Between 7.9 per cent and 16 per cent
Shyam Tele, Mastek, Carrier Aircon, UTI Bank, Gillette Ind, Kesoram, Alok Ind.

Gainers: Between 5 per cent to 7.9 per cent
Infosys, HCL Tech, SCI, Ashok Leyland, TV 18, Tips Ind, Century Enka.

Losers: Between 7.9 per cent to 16 per cent
Saw Pipes, Jindal Online, Mro-Tek, Krone Comm, Nedungadi Bank.

Losers: Between 5 per cent to 7.9 per cent
Himachal, DSQ Bio, DSQ Soft, Balaji Tele, Atlas Copco, Madura Coats, Monalisa Mul, Vorin Labs, Graphite, Jain Irrigation.

Money

Market Report

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