ID :
26517
Sat, 10/25/2008 - 15:43
Auther :
Shortlink :
https://oananews.org//node/26517
The shortlink copeid
Market crash pulls 350 stocks to their all-time lows
Mumbai, Oct 24 (PTI) Signalling what could be a dark
Diwali on Dalal Street, as many as 350 securities Friday hit
their all-time lows as Sensex crashed by about 1,100 points
and dipped below 9,000-mark for the first time in about three
years.
Making the things worse, those hitting their record low
share prices included big names like Reliance Power, Cipla,
Ranbaxy, Ambuja Cement, Hindalco, Indian Hotels, Jaiprakash
Associates, Jet Airways, Suzlon Energy and Idea Cellular.
Realty majors DLF Ltd, Unitech, Parsvnath, Sobha
Developers, Omaxe and Puravankara also plunged to their all-
time lows.
There were also new listings such as REC, Gammon Infra,
Titagarh Wagon, V-Guard, Anu's Lab, KSK Energy, 20 Microns,
Birla Cotsyn, OnMobile, IRB Infra, Aishwarya Telecom, Kiri
Dyes and 20 Microns in this category.
Other big names plunging to their record lows included
Central Bank, Power Grid, PFC, Edelweiss Capital, Future
Capital, Biocon and Patni Computer, GMR Infra, Tech Mahindra,
Mahindra Forging and Lanco Infra.
The Sensex Friday settled 1,070.63 points down at
8,771.70 points -- registering its second biggest single-day
fall ever. There were as many as 2,322 stocks ending in the
red, accounting for close to 90 percent of all the actively
traded stocks.
Besides, as many as 640 stocks hit their lower circuit
filters -- signalling there were no buyers for these stocks.
Other stocks that recorded new lows Friday were Amara
Raja, Balrampur Chini, Dalmia Cement, Essel Propack, Kinetic
Engineering, LML Ltd, Madras Cement, Mirc Electronics, Nirma,
Punjab Tractors, Apollo Tyre, Kinetic Motor, Rico Auto, Sona
Koyo, Hexaware, JK Paper, Wockhardt and TVS Electronic.
A number of companies from media and entertainment
space, such as Deccan Chronicle, HT Media, Jagran Prakashan,
IBN 18, Mid-Day Multimedia, Cyber Media, PVR Ltd, Pyramid
Saimira, Inox Leisure, Wire & Wireless, Dish TV and ENT
Network were also in this league.
Others recording their lowest share price levels
included Bharati Shipping, JK Cement, Shopper Stop, IL&FS
Investmart, Indo Asian Fusegear, Renuka Sugar, GVK Power and
Infra, KEC International, Uttam Sugar, Emkay Global, Unity
Infra, Allcargo Global, Mahindra Forging, Lanco Infra, ICRA,
NIIT Ltd, EIH Ltd, Gitanjali Gems, Shares of JK Sugar, Lumax
Auto and India Infoline. PTI BJ
Diwali on Dalal Street, as many as 350 securities Friday hit
their all-time lows as Sensex crashed by about 1,100 points
and dipped below 9,000-mark for the first time in about three
years.
Making the things worse, those hitting their record low
share prices included big names like Reliance Power, Cipla,
Ranbaxy, Ambuja Cement, Hindalco, Indian Hotels, Jaiprakash
Associates, Jet Airways, Suzlon Energy and Idea Cellular.
Realty majors DLF Ltd, Unitech, Parsvnath, Sobha
Developers, Omaxe and Puravankara also plunged to their all-
time lows.
There were also new listings such as REC, Gammon Infra,
Titagarh Wagon, V-Guard, Anu's Lab, KSK Energy, 20 Microns,
Birla Cotsyn, OnMobile, IRB Infra, Aishwarya Telecom, Kiri
Dyes and 20 Microns in this category.
Other big names plunging to their record lows included
Central Bank, Power Grid, PFC, Edelweiss Capital, Future
Capital, Biocon and Patni Computer, GMR Infra, Tech Mahindra,
Mahindra Forging and Lanco Infra.
The Sensex Friday settled 1,070.63 points down at
8,771.70 points -- registering its second biggest single-day
fall ever. There were as many as 2,322 stocks ending in the
red, accounting for close to 90 percent of all the actively
traded stocks.
Besides, as many as 640 stocks hit their lower circuit
filters -- signalling there were no buyers for these stocks.
Other stocks that recorded new lows Friday were Amara
Raja, Balrampur Chini, Dalmia Cement, Essel Propack, Kinetic
Engineering, LML Ltd, Madras Cement, Mirc Electronics, Nirma,
Punjab Tractors, Apollo Tyre, Kinetic Motor, Rico Auto, Sona
Koyo, Hexaware, JK Paper, Wockhardt and TVS Electronic.
A number of companies from media and entertainment
space, such as Deccan Chronicle, HT Media, Jagran Prakashan,
IBN 18, Mid-Day Multimedia, Cyber Media, PVR Ltd, Pyramid
Saimira, Inox Leisure, Wire & Wireless, Dish TV and ENT
Network were also in this league.
Others recording their lowest share price levels
included Bharati Shipping, JK Cement, Shopper Stop, IL&FS
Investmart, Indo Asian Fusegear, Renuka Sugar, GVK Power and
Infra, KEC International, Uttam Sugar, Emkay Global, Unity
Infra, Allcargo Global, Mahindra Forging, Lanco Infra, ICRA,
NIIT Ltd, EIH Ltd, Gitanjali Gems, Shares of JK Sugar, Lumax
Auto and India Infoline. PTI BJ
