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Moneycontrol India :: News :: Awful week: BHEL, HCL Tech, Rel Infra worst hit :: :: Market Edge :: NULL
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Awful week: BHEL, HCL Tech, Rel Infra worst hit
2008-04-04 16:54:17 Source : moneycontrol.com
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It was an awful week for the Indian equity markets as the key indices; BSE Sensex and S&P CNX Nifty fell 6.2% and 5.9% respectively. All BSE sectoral indices have given negative returns.

 

The BSE capital goods index undeperformed the other sectoral indices; it was down nearly 13%. Power, metal, realty and bank were also down over 7%.

 

This week inflation numbers were like fuel added to fire. Market expectation was 6.52% but it came above expectations at 7%, which is also higher as compared to last week's 6.68%.

 

During this fall most of the “A” stocks have corrected a lot. Stocks like BHEL have tumbled nearly 22%, HCL Tech, Gujarat Mineral, Reliance Infra, Deccan Chronicle and Thermax have lost over 10%.

 

“A” Group stocks that have fallen in this week

 

Company Name

Last Price

Last 7 days

% Chg

 BHEL

1,634.10 

2,092.45 

-21.9

 HCL Tech

244.50 

271.85 

-10.06 

 Guj Mineral

270.75 

301.15 

-10.09 

 Reliance Infra

807.15 

898.20 

-10.14 

 DeccanChronicle

145.05 

161.45 

-10.16 

 Bank of Baroda

270.35 

301.30 

-10.27 

 Ansal Propertie

145.30 

162.50 

-10.58 

 IVRCL Infras

363.00 

406.35 

-10.67 

 Thermax

527.20 

591.50 

-10.87 

 Deccan Aviation

115.90 

130.20 

-10.98 

 Axis Bank

714.75 

804.90 

-11.20 

 Titan Industrie

988.50 

1,114.65 

-11.32 

 Adlabs Films

602.65 

683.85 

-11.87 

 HDIL

635.25 

721.30 

-11.93 

 UB Holdings

608.00 

690.95 

-12.01 

 Ispat Industrie

28.45 

32.45 

-12.33 

 Jai Corporation

474.40 

541.65 

-12.42 

 Mah and Mah

605.15 

691.10 

-12.44 

 Reliance Energy

1,166.35 

1,333.65 

-12.54 

 Hind Constr

121.90 

139.45 

-12.59 

 DLF

607.75 

695.70 

-12.64 

 India Infoline

747.80 

856.70 

-12.71 

 HDFC

2,275.95 

2,613.50 

-12.92 

 Nagarjuna Const

191.20 

220.40 

-13.25 

 Sesa Goa

2,732.40 

3,153.25 

-13.35 

 Larsen

2,686.35 

3,147.20 

-14.64 

 Jindal Steel

1,870.00 

2,218.65 

-15.71 

 Rel Capital

1,168.25 

1,398.50 

-16.46 

 SAIL

164.65 

197.50 

-16.63 

 Godrej Ind

237.85 

287.15 

-17.17 

 Crompton Greave