225 stocks hit all-time lows
|Most realty counters find place on the list.|
Chennai, Oct. 6 The Monday bear haemorrhage pushed as many as 225 stocks to hit their new lows on the BSE.
Prominent stocks among them include some of the A-group stocks such as MTNL, Indian Hotels, Deccan Chronicle, Suzlon Energy, Shree Renuka Sugars, GVK Power, Parsvanath Developers, Indiabull Realestate, DLF and HDIL. The other stocks that touched their new lows were Kotak Sensex, an exchange traded fund from Kotak Mutual Fund, ICRA rating agency and Edelweiss Capital.
The new lows' list was dominated by realty counters.
FIIs have been selling quite heavily from the market, particularly in the last two days, as the credit woes spread to European markets. After pulling out Rs 1,662 crore-worth equities on Friday, the FIIs (net) sold Rs 1,169 crore in Monday's trade, according to the provisional data available with the stock exchanges.
Circuit summary also captured the bear grip with 449 stocks hitting lower circuit, against 55 stocks that touched upper circuit filter.
Of the 2,677 traded, only 281 or 10.5 per cent ended in the green in the BSE while 2,369 stocks ended in the red; 27 stocks remained unchanged