Share market update: These stocks plunge up to 10% on Wednesday amid bearish market sentiment
As many as 369 stocks hit 52-week lows on NSE on Wednesday.
By ETMarkets.com | Updated:
ThinkStock Photos
NEW DELHI: Mirroring the negative market sentiment, shares of Adani Enterprises (down 10.88 per cent), Jaiprakash Associates (down 10.68 per cent) and Prabhat Dairy (down 9.03 per cent) plunged up to 10 per cent on NSE on Wednesday.
Stocks such as Welspun Enterprises (down 8.40 per cent), CG Power and Industrial Solutions (down 8.31 per cent), RattanIndia Power (down 8.22 per cent) and NBCC (down 8.20 per cent) tanked over 8 per cent.
As many as 369 stocks, including AksharChem India, Amber Enterprises India, Asian Granito India, Bank of Baroda and Bank of India hit 52-week lows on NSE on Wednesday.
Indian equities markets lurched lower on Wednesday owing to across the board selling, led by oil & gas, metal, capital goods, bank, power and utility stocks.
Factors, including falling rupee, surging oil prices and weak global cues thwarted market sentiment. Moreover, investors restricted their bets ahead of the expiry of June series of future and option contracts tomorrow.
The Sensex plunged by 273 points, or 0.77 per cent, settling at 35,217, with just four stocks in the green.
The 50-share index Nifty closed the day 98 points, or 0.91 per cent, down at 10,671. Only eight stocks could manage to close in the green in the index.
BPCL, HPCL, Indian Oil Corporation and GAIL stood as the top losers in the Nifty index.
Stocks such as Welspun Enterprises (down 8.40 per cent), CG Power and Industrial Solutions (down 8.31 per cent), RattanIndia Power (down 8.22 per cent) and NBCC (down 8.20 per cent) tanked over 8 per cent.
As many as 369 stocks, including AksharChem India, Amber Enterprises India, Asian Granito India, Bank of Baroda and Bank of India hit 52-week lows on NSE on Wednesday.
Indian equities markets lurched lower on Wednesday owing to across the board selling, led by oil & gas, metal, capital goods, bank, power and utility stocks.
Factors, including falling rupee, surging oil prices and weak global cues thwarted market sentiment. Moreover, investors restricted their bets ahead of the expiry of June series of future and option contracts tomorrow.
The Sensex plunged by 273 points, or 0.77 per cent, settling at 35,217, with just four stocks in the green.
ADVERTISEMENT
The 50-share index Nifty closed the day 98 points, or 0.91 per cent, down at 10,671. Only eight stocks could manage to close in the green in the index.
BPCL, HPCL, Indian Oil Corporation and GAIL stood as the top losers in the Nifty index.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
