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March 3, 2000

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Market@3 March: Day's report

The BSE closed early at 1330 IST while the NSE closed at its usual time at 1530 IST. Pharma, cyclicals, and FMCG remain under selling pressure throughout the day on the BSE. Select software stocks end up. Sensex down 150 points at 5378, Nifty was down 29 points at 1667.

The Sensex opened firm as Infosys hit the upper circuit. However, there was huge selling in other index-based counters like HLL, ITC, RIL, SBI, L&T, Ranbaxy, NIIT, and ICICI and the Sensex remained weak for a major part of the day. Infosys remained at the upper circuit and provided some relief to the Sensex. Pharma, cyclicals, and FMCG stocks remained under selling pressure throughout the day.

After the BSE closing, NSE values continued to be weak. Some software and telecom stocks saw selling pressure at higher levels. Himachal was one of them. Against the BSE close of Rs 2211, it closed at Rs 2144 on the NSE. Pentamedia which was down 5 per cent at the time of BSE close, hit the lower circuit by the end of NSE close. Rolta too showed a lower close. However, stocks like Satyam, Global Tele, and Infosys remained strong.

As far as the cyclicals, pharma and FMCG were concerned, prices did not show any major improvement, and most of the counter remained weak till the end of NSE.

Sensex

  • Open: 5602.94
  • High : 5602.94
  • Low: 5362.80
  • Close: 5378.54
Nifty
  • Open: 1696.45
  • High: 1719.15
  • Low: 1644.40
  • Close: 1667.05
  • BSE advances: 660
  • BSE declines: 1430
  • BSE unchanged: 192
  • BSE volume: Rs 4539 crore

Stocks at upper circuit
Infosys, Himachal, Satyam, Global Tele, DSQ Software, IDBI, Jain Studio, Aftek Infosys, Philips, Sriven Multitech, Times Bank, Hinduja Finance, HDFC Bank, ICICI Bank, Tamilnadu Tele, Appu Industries, Filmcity Media, GV Films, Aplab, Mobile Tele, Multi Arc, Searle and Shyam Tele.

Stocks at lower circuit
Digital Equipment, Wipro, Ranbaxy, Tata Elxsi, ACC, Telco, Dr. Reddy's, Sun Pharma, IPCL, Alok Textile, BPL, HPCL, Tata Tea, Essel Packaging, Cipla, United Phosphorus, GNFC, Jupiter Orga, Hindalco, Ram Info, Dabur, M&M, VSNL, Bombay Dyeing, PCS, Corporation Bank, Bata, Kale Consultants and Crompton Greaves.

Stocks up over 5 per cent
Sterlite, BSES, SSI, Birla Ericsson, Hughes Software, Vakrangee, Kotak Mahindra Finance, Jindal Photo, Knoll Pharma, Cosmo Films, Indswift, Hindustan Motors, Federal Bank, Oil Country, Bajaj Temp, Hotline Tele, Mysore Cement and Snowcem.

Stocks down over 5 per cent
NIIT, HCL Infosys, HLL, L&T, ICICI, Tisco, Bajaj Auto, SBI, Pentasoft, Yash Management, Colgate Palmolive, Zenith Computers, Synergy Log-In, Indo Gulf, TV 18, Nestle, Parekh Platinum, SRG Infotech, Cybermate, Escorts, Global Trust Bank, Voltas, Arvind Mills, ABB, NELCO, IDBI Bank, Gujarat Ambuja Cement and Trent.

Stocks

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