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Sensex witnesses lifetime percentage fall
Friday, October 24, 2008 20:00 [IST]
Mumbai: The benchmark index Sensex today witnessed the biggest percentage fall ever of 11 per cent, which took a severe toll on stocks across the board including realty firm Unitech, whose market value dropped to less than half in a single day.

Other major counters which bore the brunt of the meltdown were wind energy firm Suzlon losing up to 39.23 per cent, IVRCL Infrastructure (29 per cent), DLF (23 per cent) and NALCO (22.59 per cent).

Interestingly, all the Sensex companies excluding SBI and TCS plunged to their 52-week lows today. The 30 blue-chip firms plunged in the range of 10-23 per cent, while as many as 18 firms from BSE Group-A dipped between 18-51 per cent.

The scrip real estate major DLF Ltd today dropped 23.96 per cent to settle at Rs 203.90. It had dipped 28 per cent to touch a 52-week low of Rs 194.20 on the BSE.

Similarly, Ranbaxy Laboratories dipped 20 per cent to touch a 52-week low of Rs 184.40. It finally settled at Rs 188.95,down 17.83 per cent on BSE.

Other Sensex losers include Reliance Communications, Reliance Industries, ICICI Bank, Wipro and Bharti Airtel.

Similar movements were made by the Group-A stocks where Unitech plunged 57 per cent to a low of Rs 26.60. The scrip closed at Rs 30.10,down 51.29 per cent on BSE.

Other Group-A losers include IFCI Ltd, Cairn India, Essar Oil, Jet Airways and Nalco.
Source : PTI

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