The Hindu Business Line : Every seventh stock traded hits lower circuit

A look at the BSE's statistics shows that 348 stocks hit the lower circuit out of a total of 2,432 scrips traded. When a stock hits lower circuit, there are only sellers and no buyers.

Of this, 23 stocks from B-1 group hit the circuit, 97 from B-2, 75 from S (Indonext), 110 from T group and 43 from Z group. In comparison, just 51 stocks hit the upper circuit.

Brokers said this was for the first time in the history of Indian stock market that such large number of stocks has hit the lower circuit. Even on May 17 last year, which saw the historic fall in stock indices, the stocks that hit the lower circuit was not so high as the entire market had to be closed twice.

Such a sharp fall in the stock prices today, was mainly due to several players who had borrowed funds, offloaded their positions.

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

Stories in this Section
Madhucon board okays pref allotment

CBDT prescribes forms for rebate on STT

Bears march ahead

London SE AIMs for small Indian cos

Every seventh stock traded hits lower circuit

Sensex still in correction mode; sheds 120 points

Pharma stocks: Excise duty talk keeps them ill

Trend reversal likely in HPCL

Reddy moots capping FII inflows — But not in favour of the move at this stage

The surge and participatory notes

`No plan to tax inflows'

What they say

Bear hug led by IT, pharma and banking stocks