Home / Market Beat / Markets grind further. ADAG stocks get battered.

Markets grind further. ADAG stocks get battered.

Markets have fallen further to the lows, with Nifty breaching the 5700 mark on the downside. Stocks from the midcap segment have seen significant cuts.

The Nifty has seen levels of 5694, down by 52 points or -0.9%. The Sensex has fallen down to 18876, down by 132 points or -0.7%.

Stocks belonging to the Anil Dhirubhai Ambani Group have seen strong declines. Reliance Communications (RCOM) is topping the decliners’ list with a massive 8% cut. Reliance Infra is also down by 7.5%. Reliance Capital is down by over 5.4% at 333.

Other major stocks on the downside include PNB, which is down by 3.4% and Larsen & Toubro (LT), down by nearly 3%. Telecom stocks Bharti and Idea have also suffered 2% losses.

SBI, Hindalco, ONGC, Ambuja cements – have all seen cuts of over 2% each.

Sugar stocks in the midcap segment have continued to decline. Sri Renuka Sugars has seen nearly 7% cuts. Bajaj Hindustan is down by 4.5%.


 

 

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