• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Aug. 8 Today’s recovery had a sharp impact on stock price movements, with every seventh stock hitting the upper circuit on the BSE.

Of the 2,790 stocks that were traded on the BSE on Wednesday, 415 hit upper circuit levels. Most of them also ended at the upper ceiling levels.

On the other hand, 51 stocks hit the lower circuit.

Of the 415 stocks, B2 and T group accounted for 70 per cent.

As many as 186 stocks of 953 traded stocks from the B2 group and 103 stocks out of 247 stocks in the T-group hit their ceiling. The T Group represents stocks that are settled on a trade-to-trade basis.

Seventeen stocks from the A group gained more than five per cent. Since these stocks also find place in the derivative segment, circuit filter does not apply to them.

Fifty-three out of 142 stocks from the Z group hit the upper limit. The Z group was introduced by the exchange in July 1999 and includes the companies that have failed to comply with the listing requirements of the exchange and/or have failed to resolve investor complaints or have not made the required arrangements with both CDSL and NSDL for dematerialisation of their securities.

Among the stocks that hit the ceiling are Tanla Solutions, Zee News, Hindustan Organic Chemicals, ETC Nework, Tips Industries, Global Broadbond, Shree Ashtavinayak and Chowgule Steamship.

According to market players, the strong show by these companies once again confirms the bullish undertone prevailing in the markets but cautioned investors to research stocks before putting in their money.

More Stories on : Stock Markets | Stock Exchanges

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Infosys BPO files countersuit against US co

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line