Manic Monday: Over 500 cos go downhill, hit lower circuit on BSE

By: |
August 24, 2015 9:00 PM

More than 500 companies, mostly from the mid-cap, small-cap space, today witnessed their share prices hitting the lowest permissible limit for the day after a plunge in broader markets on a sharp global sell-off triggered by a Chinese rout.

More than 500 companies, mostly from the mid-cap and small-cap space, today witnessed their share prices hitting the lowest permissible limit for the day after a plunge in broader markets on a sharp global sell-off triggered by a Chinese rout.

As many as 526 stocks traded on BSE from Group A, B, T and Group Z dropped to the maximum permissible limit.

However, a total of 106 companies on BSE saw their share prices touching their lowest permissible level for the day.

Some of the stocks that hit the 20 per cent lower circuit cap on BSE were Vakrangee, Arshiya, Panasonic Crabon India, Websol Energy Systems and Empee Distilleries.

It was mostly mid-cap and small-cap stocks which were the hardest hit.

According to rules, a daily circuit filter of up to 20 per cent is applicable to all shares, barring scrips on which derivative products are available.

The stock market benchmark Sensex crashed 1,624.51 points — its biggest single-day fall — to 25,741.56 points.

Besides, investors’ wealth measured in terms of total market capitalisation of all listed companies narrowed by more than Rs 7 lakh crore and crashed below Rs 100-lakh crore mark to end the day at Rs 95,33,105 crore.

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