Sebi’s strong talk leads to sensex losing 83 points
Mumbai: The markets, which opened on a buoyant note, was hit by bull liquidations to close the day at 4,881 points, a drop of 83 points over its previous close. However, during the day, the sensex had crossed the psychological 5,000-mark and touched an intra-day high of 5,058.90. In all, the Sensex showed a volatility of 200 points during the day on alternate bouts of sizeable buying followed by nervous offerings.

This offloading was caused by strong talk that market regulator Sebi was announcing stricter margining norms on the automatic lending system.

Most ICE stocks bore the brunt of heavy selling. Heavy weights like Infosys, Satyam Computer, Global Telesystems, Himachal Futuristic, DSQ Software, Silverline Technologies, Wipro and Zee Telefilms, all ended the day with heavy losses.

Coupled with operator sales, the market sentiments were further dampened by the sharp fall in most Asian markets and heavy selling by foreign institutional investors (FIIs).
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