 "308 stocks hit lower circuit on BSE")
A total of more than 300 companies, mostly from the mid and small-cap segments, saw their share prices hitting their lowest permissible limit for the day on Thursday due to a sharp fall in the Bombay Stock Exchange (BSE).
As many as 308 stocks— from Group A, B, T and Group Z — fell to the maximum permissible limit on the BSE as there were no buyers for these stocks, the exchange data shows.
Four stocks - Force Motors, Metalyst Forgings, Castex Technologies and Risa International – from the BSE-500 index touched the maximum permissible lower level for the day.
KSE, Vadilal Enterprises, Ansal Buildwell, JMT Auto, Rollatainers and Vishnu Chemicals are some stocks to hit the lower circuit.
As per the guidelines, a daily circuit filter of up to 20% is applied on all scrips except for scrips on which derivative products are available and are a part of indices on which derivative products exist .
Stampede Capital was locked at the lower circuit of 20% at Rs 406 on the BSE. The stock hit a record high of Rs 800 on August 6, 2015, but has declined by 49% since then.
Chemtech Industrial Valves and Positive Electronics were also frozen at the lower circuit of 20%, while Polymac Thermoformers, Gufic Biosciences and Keltech Energies were locked at the down circuit of 10% each on the BSE.
The BSE S&P Midcap and Smallcap indices declined by 2% each compared to a 1.1% decline in the benchmark S&P BSE Sensex.
The investors' wealth, measured in terms of total market capitalisation of all listed companies, declined to Rs 103,12,318 crore -- registering a loss of Rs 1,63,701 crore from Wednesday's level.
Meanwhile, Amtek Auto (down 28% at Rs 64), Central Bank of India (down 17% at Rs 87.20), Videocon Industries (down 17% at Rs 119), Vakrangee (down 16% at Rs 127), IL&FS Transportation Networks (down 13% at Rs 102) and Lakshmi Vilas Bank (down 10.5% at Rs 80) were some notable stocks to decline more than 10% each today.
As many as 308 stocks— from Group A, B, T and Group Z — fell to the maximum permissible limit on the BSE as there were no buyers for these stocks, the exchange data shows.
Four stocks - Force Motors, Metalyst Forgings, Castex Technologies and Risa International – from the BSE-500 index touched the maximum permissible lower level for the day.
KSE, Vadilal Enterprises, Ansal Buildwell, JMT Auto, Rollatainers and Vishnu Chemicals are some stocks to hit the lower circuit.
As per the guidelines, a daily circuit filter of up to 20% is applied on all scrips except for scrips on which derivative products are available and are a part of indices on which derivative products exist .
Stampede Capital was locked at the lower circuit of 20% at Rs 406 on the BSE. The stock hit a record high of Rs 800 on August 6, 2015, but has declined by 49% since then.
Chemtech Industrial Valves and Positive Electronics were also frozen at the lower circuit of 20%, while Polymac Thermoformers, Gufic Biosciences and Keltech Energies were locked at the down circuit of 10% each on the BSE.
The BSE S&P Midcap and Smallcap indices declined by 2% each compared to a 1.1% decline in the benchmark S&P BSE Sensex.
The investors' wealth, measured in terms of total market capitalisation of all listed companies, declined to Rs 103,12,318 crore -- registering a loss of Rs 1,63,701 crore from Wednesday's level.
Meanwhile, Amtek Auto (down 28% at Rs 64), Central Bank of India (down 17% at Rs 87.20), Videocon Industries (down 17% at Rs 119), Vakrangee (down 16% at Rs 127), IL&FS Transportation Networks (down 13% at Rs 102) and Lakshmi Vilas Bank (down 10.5% at Rs 80) were some notable stocks to decline more than 10% each today.
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