PFC, Adani Ports among 3,340 BSE stocks that plunged up to 25%; only 500 counters gain

Amid a market rout, nearly 3,340 BSE-listed stocks fell on Tuesday while nearly 498 managed to trade in the green. Among the top losers were PSU stocks REC and Power Finance Corporation (PFC) along with Adani Group company counters Adani Ports & Special Economic Zone (APSEZ), Adani Energy Solutions and Adani Enterprises which fell between 25% and 18%.

Selling was seen across the market breadth with defence, railway infra, metals and PSU stocks taking a hit. The other major losers were Bharat Heavy Electricals (BHEL), J&K Bank, Bharat Electricals (BEL), Adani Green Energy, Steel Authority of India (SAIL), ONGC, Vodafone Idea, NTPC and RailTel.

Among the gainers were Dabur India, Hindustan Unilever (HUL), Marico, Sun TV Network, Britannia Industries and Max Healthcare which were trading with gains of 6% to 2%.

The market capitalisation of BSE listed companies fell by Rs 30 lakh crore to Rs 3,95.50 lakh crore today as the S&P BSE Sensex crashed to the day's low of 70,234.43, falling by over 6,200 points from Monday’s close of 76,468.78, before ending at 72,186.49, down by 4,282.29 points or 5.60% on Tuesday.

In the 30-stock Sensex, there were 25 losers, and the biggest among them were NTPC, State Bank of India (SBI) and Larsen & Toubro (L&T) which fell between 16% and 13%.

HUL, Nestle India, Tata Consultancy Services (TCS), Sun Pharmaceuticals and Asian Paints gained between 6% and 0.42%.

As many as 694 stocks hit their lower circuits while 292 stocks crashed to their 52-week lows on the BSE. Just over 100 stocks remained unmoved.

Stocks which hit their lower circuits were Inox Wind, J&K Bank, Alok Industries, TV18 Broadcast, One 97 Communications (Paytm), NBCC, Swan Energy and Schneider Electric and Shakti Pumps.

In terms of sectors, FMCG and healthcare were among the gainers.

Broader markets catalysed the market fall on Tuesday with medium, small and microcap indices treading in deep red. The Nifty Midcap 100 index fell by over 8% or 3,700 points around this time to hit the day's low of 49,623.10 while the Nifty Smallcap 100 settled at 15,692.15, down by 1,406.55 points or 8.23%.

Also Read: Paytm, Inox Wind among 736 BSE-listed stocks that hit lower circuit

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