D-St selloff in numbers: Rs 4.5L cr investor wealth erased; 60 stocks hit 52-week lows; 3 of 4 stocks in red

By admin On Dec 21, 2022

Domestic stocks took a beating on Wednesday, with the BSE barometer Sensex plunging 1,068 points from day’s high to a low of 60,938.38. Such was the weak sentiment in the broader market that three out of every four active stocks settled in the red; over Rs 4.5 lakh crore of BSE market capitalisation was erased and 50 stocks on the exchange fell 10 per cent or above, data showed. The 30-pack index eventually closed the day at 61,067.24, down 635.05 points. Here’s today’s market fall in number.

Rs 4.5 lakh crore investor wealth lost

Investor wealth, as suggested by the BSE market capitalisation, fell Rs 4.48 lakh crore to Rs 282.91 lakh crore compared with Rs 287.39 lakh crore in the previous session. Frontline stocks such as Reliance Industries, ICICI Bank, the HDFC Duo, ITC, SBI and Axis Bank contributed to the fall.

60 stocks hit 52-week lows

As many as 60 stocks hit their 52-week lows in Wednesday’s trade. They included BSE500 stocks such as Gland Pharma, Indigo Paints, MapMyIndia, Rossari, Sunteck Realty and Sterling and Wilson Renewable Energy.

3 of every 4 stocks in the red

Every three of four stocks that traded on BSE today fell. Out of 3,658 stocks, 2,765 stocks settled in the red. Only 786 stocks advanced while 113 stocks remained unchanged.

50 stocks drop over 10%

Shares of HCC, IFCI, Suzlon Energy, MTNL and Bank of Maharashtra fell 10 per cent or more. A total of 50 stocks declined in double digits for the day.

RIL, banks lead Sensex fall

For Sensex, the major culprits that dragged the index lower were Reliance Industries, ICICI Bank, HDFC, HDFC Bank, Axis Bank, Kotak Mahindra Bank and ITC. Reliance Industries and ICICI Bank alone contributed negatively to over 200 points fall.

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