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    2 Adani Group firms among 5 BSE500 stocks that lost over 20% this week

    Synopsis

    The broader market represented by BSE500 ended flat on Friday, and yet it ended up as the worst hit index, falling 1,083.33 points or 4.81 per cent for the week to 21,458.89. A total of 447 index stocks fell and only 53 could end higher.

    2 Adani Group firms among 5 BSE500 stocks that lost over 20% this weekiStock
    In the BSE500 pack, 97 stocks fell in double digits.
    NEW DELHI: The week gone by was dominated by the bears, with many stocks witnessing relentless selling pressure in all five sessions, thanks to a less-than-expected fall in US inflation print and higher than expected surge in April inflation numbers back home. There were not many surprises in corporate earnings that could revive sentiment.

    The BSE Sensex ended the week at 52,793.62, down 2,041.96 points or 3.72 per cent. A total of 26 of 30 index stocks ended lower for the week.

    The NSE Nifty50 tanked 629.10 points or 3.83 per cent for the week to 15,782.15. A total of 43 index stocks fell for the week.

    The broader market represented by BSE500 ended flat on Friday, and yet it ended up as the worst hit index, falling 1,083.33 points or 4.81 per cent for the week to 21,458.89.

    A total of 447 index stocks fell and only 53 could end higher.

    In the BSE500 pack, 97 stocks fell in double digits. Among them, 18 saw a fall of 15 per cent or more for the week. Five stocks, including two Adani Group scrips, fell over 20 per cent for the week.

    The worst fall was seen in Dishman Carbogen Amcis, which nosedived 24.95 per cent this week to Rs 118.35 apiece. This Rakesh Jhunjhunwala-owned stock reported a loss of Rs 44.62 crore for the March quarter.

    Adani Green Energy sank 24.4 per cent for the week to Rs 2,171.70. With this, it is no longer among the top 10 companies on BSE in terms of market capitalisation.

    Shares of Indostar Capital Finance plunged 23.57 per cent to Rs 156.90. This is after the Brookfield-backed company said preliminary findings of consultancy firm EY have found deviations in the loan approval, foreclosure and restructuring in the company's commercial vehicle loan accounts.

    GNFC plummeted 22.52 per cent to Rs 618.80. Adani Transmission lost 21.42 per cent to Rs 2,215.75. The discom player recently reported a 7.6 per cent YoY fall in its consolidated net profit for the March quarter at Rs 237 crore.

    Indiabulls Housing Finance, Vardhman Textiles, Elgi Equipments, Vedanta, Hatsun Agro Product, JSW Energy, Bajaj Electricals, Minda Corporation, CSB Bank, Gujarat Alkalies And Chemicals and Welspun India were some of the stocks, which fell 15-20 per cent for the week.

    Stocks such as Intellect Design Arena, TCNS Clothing Co, BEML, Tata Steel, Varroc Engineering and Tata Teleservices (Maharashtra) declined 14-15 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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