511 stocks hit 3-mth lows

The 400-point fall in the Sensex has triggered a massive erosion in the market valuation of traded stocks and wiping out investors' wealth by Rs 281,000 crore in three trading days.

On the BSE, 511 stocks fell to three-month lows, while 911 scrips declined to their one-month lows.

Interestingly, as many as 10 Sensex stocks figured in the three-month lows list. Hindustan Lever (Rs 217.30), ITC (Rs 167), Hindalco (Rs 163.10), Bajaj Auto (Rs 2,492.50), ACC (Rs 910), Maruti Udyog (Rs 859), Tata Motors (Rs 756.25), Tata Steel (Rs 434), Ranbaxy Laboratories (Rs 350.55) and Cipla (Rs 237.20) all hit their three-month lows today.

Among others, 41 stocks are from the information technology sector, 36 from pharmaceuticals, 21 each from sugar and non-banking finance companies, 19 from auto ancillaries, 17 from textile cotton, 13 from banking sector, 11 each from banking and entertainment and 10 from engineering sector stocks hit three-month lows on BSE.

Reliance Industries, NTPC, ONGC, Bharti Airtel and Reliance Communications top the value erosion list, shedding market cap of over Rs 10,000 crore each. State Bank of India (SBI), TCS, ICICI Bank, Indian Oil Corporation, Unitech and BHEL reported declined in market cap by over Rs 5,000 crore each.

Meanwhile, 429 stocks hit lower circuit filter intra-day today on the BSE, of which 323 remained frozen at the lower end of the circuit filter through out day.

Of the 323 stocks, 131 were from B2 group, 72 were from T group (the trade-to-trade segment), 41 from S group, 35 from Z group, 16 from TS group and the remaining 27 from other groups.

Fifty-two stocks from the non-banking financial companies (NBFC) sector hit the lower circuit filter, while 46 stocks were from IT sector.