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Bulls buzz off, FIIs sell, gloom persists, Sensex crashes, 2862.55

A record fall in Dow Jones and the overall crisis in financial markets worldwide showed its effects on the pivotals as the Sensex fell sharply by more than 70 points on the Bombay Stock Exchange today.

The crash of 512 points in the Dow Industrials had the Asian markets following suit as they dipped southwards during the day. The economic crisis in Russia, the Japanese slump and the easing of the dollar made the BSE grim as bulls stayed away from the trading activity in apprehension ever since the market opened.

The foreign institutional investors put selling pressure and the Sensex fell sharply as except the Unit Trust of India, no one was seen on the buying counter.

Shares of ACC, Reliance and Tisco were sold in a frenzy by the FIIs. Software industry was worst hit as their maximum shares were sold in the market. Trading remained bad throughout the day and market players kept a low profile seeing the overall scenario worldwide, leading dealers said.

The BSE Sensex (30 scrips) opened lower at 2862.24 points in a dull market. It marked the day's high of 2882.88 points and a low of 2850.30 points but could not sustain the nominal increase and finally closed at 2862.55 points, recording a dip of 71.30 points as compared to its previous close of 2933.85 points.

ITC registered a highest turnover of Rs 2.58 billion followed by Satyam Computers Rs 2.52 billion, Zee Telefilms Rs 1.27 billion, Pentafour Software Rs 859.4 million, Reliance Rs 845.8 million, SBI Rs 501.9 million, Infosys Tech Rs 328.6 million, Tata Tea Rs 233.9 million, Dr Reddy's Rs 207.7 million, Castrol India Rs 166.3 million, L&T Rs 155.6 million, ACC Rs 135 million, Bajaj Auto Rs 134.3 million, Hindustan Lever Rs 132.9 million, MTNL Rs 129.2 million.

A good transaction was observed at Silverline Industries at Rs 138.3 million, BFL Software Rs 67.5 million, Rolta Rs 55.5 million, HCL Infosys Rs 54.2 million, Tata Infotech Rs 34.6 million, Software Solutions Rs 24.9 million, Aptech Limited Rs 22.4 million, R S Software Rs 16.4 million, CMC Limited Rs 14 million, Cipla Rs 10 million, Amara Raja Batteries Rs 9.7 million, Orchid Chemicals Rs 9.6 million, Leading Edge Rs 9 million, Goodlass Rs 8.1 million and KEC Enterprises Rs 7.8 million.

UNI