Thursday 27 August 2015

3 stocks account for one-third of 2,200-point Sensex fall in one week

Housing Development Finance Corporation (HDFC),Infosys and Larsen & Toubro (L&T) have contributed one-third of an over 2,200 points fall in the benchmark index, S&P BSE Sensex, in past one week  Free Share Tips 


These three stocks collectively contributed 721 points or 33% of the total 2,217 points or 7.9% fall in the benchmark index from 27,932 on August 19, 2015. The S&P BSESensex closed at 25,715 on Wednesday Stock Market Trading Tips 

Including these three, Reliance Industries and ICICI Bank, the total five stocks have contributed 49% of the total benchmark index fall in past five trading sessions, the Bloomberg data shows.

The financials including HDFC, ICICI Bank, HDFC Bank, State Bank of India (SBI) and Axis Bank combined accounted 816 points of the benchmark index during the period.Commodity Trading Tips

Among the individual stocks, HDFC, which dipped nearly 4% on Wednesday, have contributed 277 point of the total Sensex’s fall. Infosys accounted 241 point followed byL&T (204 point), Reliance Industries (186) and ICICI Bank (168 point).

Meanwhile, three stocks – ITC, Lupin and Coal India – have bucked the trend, contributed 13 points and gained marginally during the period.

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