Saturday, August 18, 2007

10 Sensex stocks fall over 5% in two wks

Global indices are not really in a pink of health these days with the subprime mortgage epidemic spreading fast and deep. The subprime mortage crisis impacted the European, US and Asian markets in a severe way in the last two weeks.

Stock markets across Asia tumbled on Thursday, with the benchmark Korean index clocking its biggest-ever one-day decline, as investors were confronted with continued carnage on Wall Street and across the globe. Today also Asian markets are seeing a selloff.

Closer home, the Sensex for the first time fell below 14k levels and is hovering around 200 DMA of 13,950. Experts feel that going forward Sensex will bottom out at 13000-14000 levels.

Company

Cls price

%chng

1-Aug

16-Aug

NTPC

160.5

168

4.67

ACC

965.9

979.55

1.41

Bajaj Auto

2287.95

2310.3

0.98

Dr Reddy's Labs.

622.45

628

0.89

Satyam Computer

469.7

467.35

-0.50

Tata Motors

667.1

663.35

-0.56

Infosys Tech.

1929.6

1910.45

-0.99

Wipro

475.7

469.35

-1.33

Cipla

185.7

182.9

-1.51

Ambuja Cem.

128.9

126.9

-1.55

St Bk of India

1548.25

1521.6

-1.72

Ranbaxy Labs.

367.8

360.85

-1.89

Grasim Inds.

2848.65

2792.55

-1.97

TCS

1115.8

1087.8

-2.51

Reliance Energy

737.3

717.5

-2.69

Hind. Unilever

201.7

196.2

-2.73

H D F C

1940.5

1885.5

-2.83

Reliance Inds.

1798

1739.15

-3.27

B H E L

1663.25

1602.85

-3.63

Maruti Udyog

821

791.15

-3.64

M & M

693.65

658.15

-5.12

ITC

167.1

158.1

-5.39

HDFC Bank

1161.8

1094

-5.84

ICICI Bank

891.35

832.3

-6.62

Reliance Communi

530.6

495.4

-6.63

Larsen & Toubro

2485.05

2319.4

-6.67

Bharti Airtel

862.95

800.85

-7.20

O N G C

884.35

818.8

-7.41

Tata Steel

622.4

575.35

-7.56

Hindalco Inds.

159.15

145.3

-8.70




































 
 
 
 
 
In the last two weeks Sensex has fallen by 3.86% and majority of index stocks have fallen in the range of 0.56-8.70%.
Stocks  like M&M, ITC, HDFC Bank, ICICI Bank, Reliance Comm, Larsen & Toubro, Bharti Airtel, ONGC, Tata Steel and Hindalco Inds have fallen over 5% in two weeks( August 1-16).

What has been hitting our market is the fact that FIIs have been withdrawing money from the emerging markets and that's hitting India.

FIIs have been selling every trading session since August 10 and yesterday(Aug 16) they sold to the tune of Rs 3108.45 cr which was the largest on a single day.

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