The Hindu : Sensex crashes by 112 points

Online edition of India's National Newspaper
Tuesday, Sep 16, 2003

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Business

Sensex crashes by 112 points

MUMBAI SEPT. 15. Persistent heavy all round selling caused share prices to nosedive on the Bombay Stock Exchange here on Monday and the sensitive index plunged by 112.08 points to end at 4193.83. The initial better position was shortlived as domestic and foreign funds restored to heavy offloading to book profits at improved levels.

Heavy selling pressure was seen in almost all segments, but the maximum burnt was suffered by securities from the old economy, select IT and pharma sectors, brokers said.

Mirroring the market trend, the BSE-30 sensitive index resumed the day on a better note at 4310.17, the highest level for the day.

However, it started to fall rapidly and touched a low of 4184.11, before closing at 4193.83, showing a 112.08 point fall from the previous close of 4305.91. The BSE-100 declined by 91.82 points to 2179.62. Shares which suffered the most were ACC, BHEL, BSES, Cipla, Dr. Reddys, Infosys, HPCL, HCL Technologies, RIL, SBI, Tisco, Hindalco, ITC, Ranbaxy, Telco, Hero Honda, L&T and Grasim.

The total turnover declined to Rs. 1,191.10 crores from Rs. 1,935.90 crores.

The top traded securities were Reliance Rs. 239.79 crores, Tisco Rs. 171.91 crores, Satyam Rs. 146.52 crores, Infosys Rs. 136.45 crores and HPCL Rs. 80.22 crores.

In the specified section, a large number of 174 shares declined, while only 21 managed to close better.

PTI

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