Mkts tumble 4.44%, tank 11% in the month

The BSE Sensex tumbled 726.85 points, or 4.44%, at 16,371.29, losing about 11% this month; while the broad-based NSE Nifty slumped 207.5 points, or 4.20% to close at 4734.50.


Global Cues

Asian stocks closed negative on Monday (Mar. 31, 2008) as concerns regarding the U.S. consumer spending that will erode exports of cars, clothing and electronics escalated.


Market statistics

Market breadth was mixed. Out of the total 2,699 stocks traded at the BSE, 1,365 advanced, 1,291 declined while 43 remained unchanged.

Among the sectoral indices at BSE Realty slumped 5.39%, BSE IT fell 5.60%, BSE Bankex slumped 5.89%, BSE Metal and BSE Oil & Gas each fell 4.31%.

Movers and Shakers

There were only four companies which made to the gainers list. Cipla closed up 1.01% at Rs 219.75, M&M settled up 0.66% at Rs 695.65. Bharti Airtel and ITC just managed to close in the green.

Losers at the BSE Sensex include HDFC which tanked 8.79% to settle at Rs 2,383.75, ICICI Bank fell 7.79%, DLF tumbled 7.07%, TCS, ONGC, Wipro, Infosys, Reliance Energy and Hindalco each slumped over 6%.

Top Volumes & Values

Ispat Industries topped the volume chart with 23.38 million shares, RNRL witnessed volumes of 13.26 million shares, Orchid Chemicals 11.77 million and IFCI 11.37 million shares.

Turnover wise Reliance Capital topped the chart with a turnover of Rs 3.24 billion, followed by GSS America (Rs 2.89 billion), RIL (Rs 2.57 billion) and Orchid Chemicals (Rs 1.87 billion).