rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » These stocks actually gained

These stocks actually gained

May 18, 2006 18:23 IST
On the backdrop of a historic meltdown on the bourses on Thursday the benchmark Sensex plunged 826 points to record the highest ever drop in the 30-share benchmark index, some stocks managed to stay in green pastures.

Adani Exports and GlaxoSmithKline Consumer were the only two A-group stocks that ended in the positive territory, while Vardhman Holding, JBF India and Motherson Sumi Systems were among the B1-group stocks that advanced ahead on the Bombay Stock Exchange.

However, heavy selling was seen on the front-line counters and all the scrips from the Sensex and Nifty indices closed deep in the red, tracking the weak global trends.

Sensex's biggest-ever fall: 826 points

ACC, Hindalco, Tata Steel, Reliance Energy, Maruti, Gujarat Ambuja Cements and Tata Motors were the biggest losers on the Sensex amid heavy selling pressure across the sectors.

All the stocks on the Sensex and BSE 100 indices closed in the red, while there were only three BSE 200 scrips and five BSE 500 scrips that closed in the positive territory.

The overall market breadth was hugely negative with only 11.26 per cent or 288 scrips on the BSE advancing ahead as against 87.64 per cent or 2,241 scrips closing in the red.

Adani Exports, GlaxoSmithKline Consumer and Voltas were the only three stocks on the BSE 200 index that ended the day in positive territory.

However, Adani Exports was the only major gainer, while the other two closed on a nearly flat note. Motherson Sumi and Aarti Drugs were other two stocks from the BSE 500 index that closed with marginal gains.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.