21 September 2010

Sensex reclaims 20k in 30 mths as 2 stocks decline for every 1advance!!!

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Source: Money control


The benchmark indices Sensex and Nifty breached their psychological levels of 20,000 and 6000 respectively, after 30 months. It was the first time since January 17, 2008 that these levels were re-visted.

Moneycontrol.com studied the stock price behaviour of the companies traded on BSE today vis-a-vis the prices on January 17, 2008.

Data comparisons between January 17, 2008 and September 21, 2010 shows that out of 2,772 companies, 1,856 stocks have given negative returns while only 916 stocks have gained.




Some of the key stocks that have surged and fallen since January 17, 2008 are as follows:

Laggard: Guj NRE Coke, Orchid Chemical, Pantaloon Ret, Balurghat Tech, Clutch Auto,IVRCL Infras, Unity Infraproj, ABB, MRPL, Idea Cellular, Gitanjali Gems, NIIT, Rolta, Suzlon Energy, Unitech, Reliance Communication, Reliance Capital, DLF, JP Associates, Reliance Infra, Idea Cellular, RIL and ICICI Bank

Gainer : Whirlpool, TTK Prestige, Venkys, VIP Industries, Castrol, Sesa Goa, LIC Housing Fin, Godrej Consumer, Eicher Motors, Hero Honda Motors, Infosys, TCS, PNB, M&M, BPCL, Sun Pharma and Maruti Suzuki.

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