Menu
Search

50 stocks that fell the most in last 3 days

By SiliconIndia   |   Wednesday, October 28, 2009
Print Print Email Email
Bangalore: The Indian stock markets saw a severe fall in the last three days, which was fueled by the Reserve Bank of India's (RBI) credit policy announcement on Tuesday. Many concerns were raised over the RBI's upward revision of inflation target. The rate sensitive realty and banks stocks crashed after the RBI announced hiking of real estate provision from 0.4 percent to one percent. The global cues were also not supportive to spark any pullback. The benchmark index Nifty lost 4.26 percent in the last three days. The broader indices underperformed the major indices. The BSE Midcap and the Smallcap Index was down 7.53 percent and 7.91 percent respectively. Realty was the worst performing sectoral index down 14.4 percent; followed by banks down 8.82 percent. Foreign Institutional Investors (FIIs) sold $474.4 million in Tuesday?s session which was highest since June 25, when FIIs sold $507 million. FIIs have sold more than $1 billion in last five trading sessions. Many stocks have underperformed indices by around 15-24 percent. Around 69 stocks have lost more than 15 percent in the last three trading sessions.
Write your comment now
Submit Reset
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit