Sensex (^BSESN) fell 370.10 points or 3.3% to 11001.75.
Nifty (^NSEI) fell 107.65 points or 3.3% to 3362.35.
Mid Cap index fell 3.7%. Small Cap dipped 3.5%.
BSE 500 tanked 3.3%. Sensex losers: 30
All 13 BSE Sectoral indices posted loses.
Advancers: 660, Decliners: 1799, Unchanged: 82

Sensex Day’s Range: 11375.97- 10961.76
Nifty Days Range: 3471.95- 3331.50
52-Week Range: 17735.70- 7697.39
52-week % change: -37.97

Sensex losers included DLE -7.8%, Sterlite Ind -7.7%, Tata Steel -7.6%, HDFC -7.4%, Rel Comm -7.2%, Reliance Infra -6.8% and Tata Motors -6.4%,

There were no Sensex gainers as all 30 stocks fell.

Realty index fell 5.7% led by HDIL -9.3%, DLF -7.8%, Indiabulls Realty -6.1%, Orbit Corp -5.8%, Parsvnath -5.3% and Ansal Properties -5.2%

Metal index dropped 5.7% aided by Welspun Guj -9.9%, Sterlite Ind -7.7%, Sesa Goa -7.6%, Tata Steel -7.6%, JSW Steel -5.5% and Hind Zinc -5.3%.

Bankex plunged 5% helped by Punjab National Bank -9.6%, Kotak Mahindra Bank -7.6%, Bank of India -6.8%, ICICI Bank -6.1%, Federal Bank -5.9% and IDBI Bank -5.8%.

Capital Goods index dipped 4.2% supported by Bharat Earth Movers -8.7%, Praj Ind -7.8%, Kirloskar Bros -7.1%, Areva T & D -6.9% and Suzlon Energy -6.5%.

Power index tumbled 3.8% led by Reliance Infrastructure, Suzlon Energy, Torrent Power, GVK Power, Power Grid Corp, GMR Infra and Tata Power fell 3-7%.

Other sectoral losers were: PSU -2.9%, Oil & Gas -2.3%, FMCG -2.2%, Consumer Durables -2.2%, Teck -1.9%, Healthcare -1.8% and Auto -1.5%.

Volume Shockers on the BSE:
Unitech 23.09 million shares
JP Associates 15.98 million shares
Birla Power Sol on 22.9 million shares
Reliance Natural 13.89 million shares

Turnover:
Volumes picked up further and were inching towards Rs 1 lakh crore mark, ahead of F&O expiry tomorrow; total traded turnover was at Rs 98,686.56 crore. This included Rs 13,305.91 crore from NSE cash segment, Rs 81,137.88 crore from NSE F&O and the balance Rs 4,242.77 crore from BSE cash segment.

Telephone Shares:
Telecom stocks also saw huge selling pressure; Reliance Communication tumbled 7.16%. Tata Teleservices, Idea Cellular, Bharti Airtel and Tata Communication declined 2-2.9%.

Buzzers:
Mind Tree +21.7% at Rs 306.90, Atlas Cycles +20% at Rs 123.65, Aztec Soft +17.7% at Rs 50.95, 20 Microns +17.1% at Rs 25.46, Magma Fincorp +10.8% at Rs 152, KPIT Cummins +9.9% at Rs 44.25 and Infotec Enterprises +8.4% at Rs 135.05.

Heavy Losers:
DIL -16.1% at Rs 120, Kalyani Forge -11.8% at Rs 65.90, IVRCL -11.4% at Rs 161.30, Indian Bank -11% at Rs 100.25, Shilp Gravure -10.9% at Rs 24.15,Nagarjuna Const -10.7% at Rs 65.85 and Aban Offshore -10.6% at Rs 395.25.

Parsvnath to cut debts:
Parsvnath Developers expects to reduce its Rs 16 billion debt by a quarter this financial year through internal accruals as it seeks to tackle the downturn in the property market, its chairman said. The stock fell 5.3% to Rs 47.70.

UTV Software drops 6.5 pct:
UTV Software Communications fell 6.5 percent to 306.80 rupees after its consolidated net profit fell 40 percent in Jan-March.

KPIT Cummins (Rs 44.25):
KPIT stock was on upper circuit of 10% at Rs 44.25 on its excellent results.
FY09 NP is Rs 65.9 crore. +28% (After MTM loss of Rs 57.1 cr.). Sales are Rs 793 crore. +36%. EPS stood Rs 8.4. P/E 5.3. If MTM loss of Rs 57.1 crore is excluded EPS would work out to Rs 15.9. Profit after depreciation & interest Rs 135 crore .+235%. Eq Rs 15.6 cr.BV Rs 42. Face Value of the share is Rs 2.

KPIT’s robust growth in revenues surpasses expectations. For Q4FY09 gross profit margin expanded by 4.16% to 48.29% and EBITDA margin expanded by 2.83% to 29.44%. Cash balance is Rs. 167 crore. It is being held in current accounts (Rs. 113 crore) and deposit account (Rs 54 crore) with HDFC Bank and HSBC. As on March 31, 2009 total debt was Rs.118 crore. KPIT continues to hedge 75% of its net foreign exchange.

Accentia Technologies (Rs 97):
Q4FY09 NP is Rs 19.4 cr. +50%. Sales rose 48% to Rs 62.4 crore.. FY09 NP is Rs 71.5 c.+104%. Sales rose 78% to Rs 235 cr.+78%. Q4FY09 EPS is Rs 14.9. FY09 EPS works out to Rs 55. P/E 1.8. Eq Rs 13 crore. BV Rs 124.

Asian Markets:
Nikkei tumbled 2.7% and Seoul Composite fell 3%. Hang Seng and Taiwan Weighted declined 1.9% each. Straits Times was down 0.6% and Shanghai Composite fell 0.2%.

European Markers:
European markets were ruling higher FTSE +1%, DAX +0.2% and CAC +0.8%.

Crude;
Crude was quoting at $48.89 a barrel.

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