M A I N   N E W S

SEBI shocker sends Sensex bouncing 500 points
Tribune News Service

Mumbai, April 28, 2006
The SEBI (Security Exchange Board of India) order curtailing the market operations of major broking houses caused the Sensex to swing more than 500 points today.

The Sensex opened sharply lower at 11,344 points as FIIs and mutual funds hit the panic button.

However SEBI's subsequent clarifications on the issue saw the bulls come charging back and the Sensex closed 11 points higher at 11,851 points.

The intra-day gain of 532 points was the highest in recent times. In the broader markets, the Nifty, ended the day at 3508 levels.

Today's gainers were led by NTPC which gained 4.9 per cent by close. Hero Honda, Maruti Udyog, ACC, ICICI Bank, TCS, HLL and Reliance Industries were the other gainers.

Losers were led by Cipla which fell 2.7 percent at Rs 253. Satyam Computer, Hindalco, SBI, Wipro and Reliance Energy also closed at losses.