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Stocks that are headed for a crash course

Published on Tue, Dec 12, 2006 at 09:30 | Source : Moneycontrol.com

Updated at Wed, Dec 13, 2006 at 12:55

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The crash course has begun. Till Monday experts were hopeful of a recovery but all hopes were dashed on Tuesday as markets saw relentless selling and chose to end below 13000 level. The Sensex lost 3% on Tuesday while midcap and small cap lost 4% each. Nifty too gathered its residual strength and moved ahead to close at 3717, down 132 points. And all this on the back of floundering industrial output numbers.

BSE Sectoral Indices
Index	Close	Prev cls	% loss
AUTO	5,080.08	5,244.04	-3.13
BANKEX	6,531.95	6,749.78	-3.23
CD	3,170.15	3,231.45	-1.9
CG	8,755.39	9,133.37	-4.14
FMCG	1,915.71	1,972.08	-2.86
HC	3,533.28	3,647.81	-3.14
IT	4,990.42	5,089.15	-1.94
METAL	8,341.30	8,679.74	-3.9
OIL&GAS	5,792.95	5,966.36	-2.91
PSU	5,711.80	5,974.06	-4.39
TECK	3,404.12	3,506.98	-2.93

Following table shows the extent of Sensex's fall on Tuesday. Infosys and old horse Reliance gave the maximum support to the Sensex with weightage of 11.44% and 11.13% respectively.

Scrip Name	Close	Change (%)
Acc Ltd	972.35	-6.16
Bajaj Auto	2,528.65	-2.48
Bharti	577.1	-4.94
BHEL	2,428.85	-4.12
Cipla	240.3	-1.37
Dr. Reddy	754.3	-1.14
Grasim	2,506.30	-7.33
Guj. Ambuja	130.35	-5.1
HDFC Bank	1,030.35	-0.35
Hero Honda	725	-1.88
Hindalco	167.4	-3.82
HLL	223.7	-2.42
HDFC Bank	1,496.90	-3.08
ITC	173.65	-3.55
ICICI Bank	805.6	-1.68
Infosys	2,163.90	-1.4
L&T	1,394.05	-2.94
Maruti	883.75	-2.53
NTPC	136.8	-4.24
ONGC	805.5	-3.57
Ranbaxy	359.65	-4.32
Rel Com	403.45	-6.11
Reliance	1,208.05	-2.44
Rel Energy	507.05	-3.6
Satyam	441.15	-1.62
SBI	1,179.85	-5.06
Tata Motors	820.5	-2.29
Tata Steel	440.4	-2.87
TCS	1,119.00	-4.47
Wipro	559.55	-1.43

Banking stocks were the worst performers on the first day of the fall. Hence it is prudent to show how deep was the cut on Tuesday.Union Bank of India suffered deepest wound today followed by Bank of India.

Stock Name	LTP	% change
Allahabad Bank	93.15	-0.43
Andhra Bank	75.7	-10.2
Bank of Baroda	218.6	-8.59
Bank of India	165.1	-10.34
Canara Bank	251.25	-9.98
Centurion bank	28.95	-1.86
Federal babk	194.85	-7.15
HDFC Bank	1,030.35	-0.35
ICICI Bank	805.6	-1.68
IOB	104.05	-6.09
Karnataka Bank	107.9	-6.17
Kotak bank	371.85	-2.39
Oriental bank	216.05	-8.2
PNB	487	-4.26
SBI	1,179.85	-5.06
Union Bank	105.6	-12.18
UTI	432.65	-2.46
Vijaya Bank	43.25	-9.9