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Rs 65,000 cr wealth wiped out in 3 days

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Our Research Bureau Mumbai
Last Updated : Jun 14 2013 | 4:14 PM IST

SOUTHWARD BOUND

Mcap in Rs crore

4-Oct

7-Oct

% Chg

Sensex

1,141,395

1,105,957

-3.10

A group

1,846,867

1,794,300

-2.85

B1

322,138

315,155

-2.17

B

36,963

35,503

-3.95

S

49,994

49,180

-1.63

T

33,052

31,637

-4.28

TS

9,738

9,335

-4.14

Z

23,236

22,053

-5.09


The latest data showed that foreign funds had sold a net $129.4 million (Rs 568 crore) of equities on Thursday. The domestic mutual funds sold Rs 191 crore worth of equities on October 4 and 5. Foreign funds have moved $8.6 billion into domestic stocks in 2005 so far.

Banks were the biggest losers, down 5.77 per cent in three days on a negative outlook for the sector.

The largest commercial bank State Bank of India fell 4.31 per cent to Rs 916.10 and ICICI Bank lost 9.92 per cent to Rs 530.95.

Auto makers slipped on fears that margins might come under pressure by high input costs. Two-wheeler major Hero Honda Motors fell 4.1 per cent to Rs 731 and its nearest rival Bajaj Auto declined 4.21 per cent to Rs 1733.80. Tata Motors lost 3.95 per cent to Rs 546.70.

Cement makers declined on weak September sales, with top producer Grasim Industries slipping 1.84 per cent to Rs 1,315.40 and ACC down 3.67 per cent to Rs 476.30.

Ninety-seven other sectors including steel, telecom, IT, refineries, mining, finance lost ground while only 15 sectors including services, lubricants, auto ancillaries and diamond gained during the week.

 

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First Published: Oct 08 2005 | 12:00 AM IST

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