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Market@April 13: Day's report

Panic loomed throughout the day. The market opened with a lower gap of around 4 per cent and plunged further. With Infosys opening at the lower circuit, technology stocks fell the hardest. Infosys, Global Tele, and Himachal remained locked at the lower circuit for most part of the day. NIIT and Aptech bucked the trend and showed a sharp recovery to gain 16 percent from the low in an intra day move. Among other prominent losers was Reliance which remained at the lower down circuit throughout the day.

Selling pressure was also witnessed in most other pivotals like SBI, Ranbaxy, Telco, ACC, Reliance Petro and Gujarat Ambuja.

Sensex down 257 points at 5169. Nifty down 70 points at 1522.

Trading volumes were average and Satyam Computer, Zee Tele, DSQ Software, NIIT, and Sterlite accounted for more than 51 per cent.

BSE Sensex

• Open: 5130.18
• High: 5205.69
• Low: 5106.23
• Close: 5169.58

S&P CNX Nifty

• Open: 1587.95
• High: 1587.95
• Low: 1502.70
• Close: 1522.55

• BSE advances: 552
• BSE declines: 1254
• BSE unchanged: 153
• BSE volumes: Rs 2242 crore

Stocks at upper circuit
Aptech, Thermax, Hinduja Finance, Max India, R S Software, ITC Bhadra, Tube Investment, C-MAC Centum, Suven Pharma, Medicorp, Relic Finance, Stovac Ind, Tata Hydro and Vinati Organics.

Stocks at lower circuit
Satyam Computer, Silverline, Wipro, Infosys, Himachal, Global Tele, SSI, Reliance, Websity Info, Cybermate, Orient Info, Filmcity Media, PSI Data, Kale Consultant Fujitsu ICIM, HCL Technologies, Asian Electric, Melstar Info, PCS, Octagon Tech., Peerless Shippping and TVS Electronics.

Stocks up over 5 per cent
NIIT, Bajaj Auto, Century, Jindal Photo, DSQ Biotech, Autoriders Fin, Magan Ind, Omax Auto and Surya Roshni.

Stocks down over 5 per cent
Zee Tele, Pentamedia, SBI, Rolta, Reliance Petro, ACC, Ranbaxy, Digital Equipments, L&T, HCL Infosys, Gujarat Ambuja Cement, Bharat Electronics, VSNL, ATN International, Alok Textiles, Jain Studio, Lee & Nee Software, Gramophone, Crest Communication and Zenith Info.

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