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'A' group stocks fall prey to Inflation, hit 52-wk low
Published on Fri, Jun 20 at 15:09 , Updated at Fri, Jun 20 at 15:29
Source : moneycontrol.com
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Markets continue to trade in deep red as all sectoral indices are trading negative. Markets started drifting down after inflation data was announced for the week ended June 7 at 11.05%, which is at 13-year high. It was more than experts’ expectations, they were forecasting around 9.5-10%. The highest inflation numbers were 11.11%, which was in May 1995. The broader indices Sensex and Nifty have made new 2008 lows. The BSE realty index has underperformed the other sectoral indices; it was down over 4%. Heavy selling pressure is also seen in metal, oil & gas, bank, FMCG, auto, power and capital goods. In this free fall lots of ‘A’ group stocks like Andhra Bank, Bajaj Holdings, BEML, BPCL, Dish TV India, DLF, GMR Infra, Parsvnath, Reliance Power, Siemens,Sobha Developer and UltraTechCement have touched their 52-week low. Reliance Industries has hit 2008 low and trading at 6 month low at Rs 2101.
List of 'A' Group stocks that have touched their 52-week low during the day.
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Messages on Market Outlook - Short Term
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down more than 80% in a single tradingday
In actual term, those stocks are worthless now.. Papers with Zero Value unless some change take place to ensure tha...
in Market Outlook - Short Term - BullSheetRules at 08-Sep-08 11:01
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Looking at the chart and data, I doubt that we will see 4650+ level. That is why, I just \\`wish\\` for those Long ...
in Market Outlook - Short Term - BullSheetRules at 08-Sep-08 10:55