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Sensex crashes 106 points

MUMBAI APRIL 10. The Sensex slumped by 105.92 points to end at 3035.33 on the Bombay Stock Exchange here today as shares, led by IT major Infosys Technologies, met with heavy selling following the disappointing Q4 results by the company.

Though Infosys' net profit rose by 18.56 per cent in 2002-03, it was far below market expectations, brokers said.

Mirroring the trend, the BSE banchmark 30-share index opened weak at 3137.24 and thereafter crashed to a low of 3021.74. Later, on some revival of low-level support, it recovered to close at 3035.33, however, showing a whopping 105.92 points or 3.37 per cent loss over the previous close of 3141.25.

Foreign institutional investors were said to be major sellers in some of the IT shares.

The broad-based BSE-100 index fell by 60.72 points to 1499.93 from 1560.64.

— PTI

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