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Market@4 April

Sensex down 363 points at 4990, Nifty down 106 points at 1429.

It was one of the worst days in recent years. The Sensex dropped 363 points -- the second largest drop in its history. It had lost 570 points during the Harshad Mehta scam in 1992.

In percentage terms, it lost 7.19 per cent -- the highest percentage fall since the Asian meltdown in October 1998. On October 10, 1998, the Sensex had lost 7.23 per cent. Last year on April 17 -- the day of the confidence motion, the Sensex fell by 6.9 per cent.

A sharp dip on the NASDAQ and a report that tax shelters for FIIs may be withdrawm had a severe impact on prices. Almost all software stocks opened at lower circuit and remained there for a major part of the day.

The story of non-tech stocks was no different. All the key Sensex stocks hit the lower circuit and remained there for a major part of the day. The position on the NSE was worse, today being the last day of the settlement.

Reliance, ACC, Infosys, HLL and L&T topped the volume chart accounting for 52 per cent total trading volumes on the BSE. Reliance alone accounted for more than 31 per cent of the total trading volume which touched a five-month low.

Sensex

• Open: 4907.41
• High: 4907.41
• Low: 4666.95
• Close: 4689.82

Nifty

• Open: 1534.04
• High: 1534.05
• Low: 1420.85
• Close: 1429.20

• BSE advances: 355
• BSE declines: 1341
• BSE unchanged: 101
• BSE volumes: Rs 1392 crore
• NSE volumes: Rs 1306 crore

Stocks at upper circuit
HDFC, Colgate Palmolive, BASF, Bharat Forge, BSL, Vinati Organics, Khandwala Securities, Tata SSL, Rupangi Impex, NB Footwear, Canfin Homes.

Stocks at down circuit
L&T, BHEL, HLL, Ranbaxy, Reliance Petro, ITC, Dr. Reddy's, Glaxo, MTNL, BSES, BPL, Indo Gulf, ICICI, Zee, Philips, HDFC Bank, Sterlite, Siemens, Reliance Capital, McDowell, Infosys, Wipro, Satyam Computer, Himachal, Global Tele, Pentamedia, Digital Equipment, Rolta, Silverline, DSQ Soft, SSI, Aptech, Hughes Soft, Polaris, HCL Techno, HCL Info, Kale Consultants, BFL Soft, Visualsoft, Mastek.

Stocks up over 5 per cent
Raymond, BEML, Orient Carbon, Forbes Gokak, Laffans Petro, Chambal Breweries, Classic Diamonds, Lakhanpal, Vikrant Tyres.

Stocks down over 5 per cent
Reliance, ACC, Tisco, SBI, Telco, ICICI Bank, Videocon International, Hind Lever Chem, Voltas, Hero Honda, ICICI, Vikas WSP, Ballarpur, Henkel Spic, LML, Vashisti Detergent, Southern Herbal, Shipping Corp, Network, Filmcity Media, Insilco, Whirlpool, BITS, Ruchi Soya.

Stocks

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