go to moneycontrol.com
Quote 
NAV 
News 
Messages  
Opinions 
Notices 
[+] SHOW
Moneycontrol India :: News :: 20% of BSE 500 stocks drop 10-18% from day's high :: :: Market Edge :: markets, sensex
You are here : Moneycontrol » Markets Home » Market Edge
20% of BSE 500 stocks drop 10-18% from day's high
2007-10-19 10:07:53 Source : MC
Email     Print Version     
ads by google

It was a complete mayhem in the markets today. Although the markets showed recovery in the morning but failed to sustain its position at the higher levels. Sensex lost more than 900 points before closing with loss of 717.43 points at 17,998.39 due to sell by FIIs.

Power stocks, which run up the most have corrected significantly. Amongst the Sensex stocks, Reliance Energy, SBI, Bharti Airtel, ICICI Bank, NTPC, Hindalco and HDFC Bank fell 5-10%.

Amongst BSE 500, more than 20% stocks have corrected in the band of 10-18%, which includes top rank stocks like ACC (slipped nearly 17% from its intraday high), Reliance Energy (fell 14% from highs), Tata Power (dropped 13.7% from highs), SAIL (fell 11% from highs), Reliance Communications (slipped 10.7% from highs) and SBI (fell 10.5% from highs.

Banking, Capital Goods, Oil and Realty stocks saw big fall today, respective BSE Indices dropped 3-6%.

Company

High Price

Close Price

% Loss

Trent

598.8

493.25

-17.63

Mangalam Cement

235.95

195

-17.36

SREI Infrastructure Finance

144.8

119.9

-17.20

ACC

1244.9

1036

-16.78

India Infoline

1064.7

887.65

-16.63

Sintex India

480.05

400.65

-16.54

Godfrey Phillips India

1620

1353

-16.48

Indiabulls Financial Services

615

515.95

-16.11

Jubilant Organosys

364

306.4

-15.82

Bilcare

1110

937.4

-15.55

Havells India

749.9

633.3

-15.55

Sterlite Optical

305

258.7

-15.18

Bata India

250

213

-14.80

Noida Toll Bridge Company

39.35

33.55

-14.74

Patel Engineering Company

770.1

656.75

-14.72

Nagarjuna Fertilisers and Chemicals

60

51.3

-14.50

UTV Software Communications

750.05

641.9

-14.42

Usha Martin

92

79.1

-14.02

Hindustan Construction Company

208.45

179.3

-13.98

Reliance Energy

1847

1591.35

-13.84

Tata Power Company

1250

1078.75

-13.70

Television Eighteen

579.9

500.6

-13.67

Neyveli Lignite Corporation

136.7

118.05

-13.64

Reliance Capital

1920

1658.15

-13.64

Asian Electronics

851

736.25

-13.48

Zee Entertainment Enterprises

347.5

300.85

-13.42

Siemens

1905.2

1650

-13.39

Ashapura Minechem

299.9

260.2

-13.24

Nagarjuna Construction Co.

327.2

284.7

-12.99

Alok Industries

78.65

68.55

-12.84

Hindustan Oil Exploration Company

122

106.35

-12.83

Adlabs Films

769