One out of five stocks from the Bombay Stock Exchange (BSE) is trading at their 4-year lows after the bear onslaught continued for the seventh consecutive trading session till Thursday.
In past two days, as many as 126 stocks from BSE A and B group have touched their lowest level since July 2009. Of these 33 stocks hit lifetime lows on BSE after getting hammered by the traders.
Coal India, Tata Steel, Bharat Heavy Electricals Limited (BHEL), Hindalco Industries, NTPC and Sterlite Industries from the benchmark S&P BSE Sensex are currently trading at their lowest level since July 2009.
Stocks that have large debt on books, were singled out by the bears for selling on concerns of rising interest rates may dampened their net profit growth further.
DLF, HDIL, Hindustan Construction Company, IRB Infrastructure Development, IVRCL, Jaypee Infratech, Lanco Infratech and Suzlon Energy are among few quoting at 4-year low.
Around 15 public sector undertaking banks in the list after the central bank adopted aggressive measures to curtail the rupee’s slide such as tinkering with the daily borrowing limits by banks, reducing the liquidity adjustment facility (LAF), raising the marginal standing facility (MSF) rate, etc.
Meanwhile, the downside in the broader markets -midcap and smallcap stocks -- was much more severe than the benchmark indices, with both the indices have touched their respective 52-week low on BSE.
In past two days, as many as 126 stocks from BSE A and B group have touched their lowest level since July 2009. Of these 33 stocks hit lifetime lows on BSE after getting hammered by the traders.
Coal India, Tata Steel, Bharat Heavy Electricals Limited (BHEL), Hindalco Industries, NTPC and Sterlite Industries from the benchmark S&P BSE Sensex are currently trading at their lowest level since July 2009.
Stocks that have large debt on books, were singled out by the bears for selling on concerns of rising interest rates may dampened their net profit growth further.
DLF, HDIL, Hindustan Construction Company, IRB Infrastructure Development, IVRCL, Jaypee Infratech, Lanco Infratech and Suzlon Energy are among few quoting at 4-year low.
Around 15 public sector undertaking banks in the list after the central bank adopted aggressive measures to curtail the rupee’s slide such as tinkering with the daily borrowing limits by banks, reducing the liquidity adjustment facility (LAF), raising the marginal standing facility (MSF) rate, etc.
Meanwhile, the downside in the broader markets -midcap and smallcap stocks -- was much more severe than the benchmark indices, with both the indices have touched their respective 52-week low on BSE.
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