109 stocks from BSE-500 index hit three-month low

Jet Airways, Sun TV, RCom, JSPL, Shree Renuka Sugars and Parsvnath Developers hit 52-week low today.

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The recent 1,000 point correction in the S&P BSE Sensex from its record high has seen 109 stocks from BSE-500 index hit their respective three-month low level.

Reliance Industries, Hindalco Industries, Tata Steel, Larsen and Toubro, BHEL, DLF, Tata Power Company, Reliance Infrastructure, Cairn India and Reliance Capital are among few notable shares touched three-month low on BSE during the current week.

Jet Airways, Sun TV Network, Reliance Communications, Jindal Steel and Power, Shree Renuka Sugars, Ess Dee Aluminium and Parsvnath Developers are among the few stocks that hit 52-week low on Friday.

The S&P BSE Sensex that slipped to 26,220 during intra-day trade today, has slipped nearly 1,100 points from its record closing of 27,320 on September 8, 2014. At 1405 hours, the benchmark index was trading at 26,489. The 50-share CNX Nifty index also declined 331 points at 7,842 from its lifetime high 8,173.

Foreign institutional investors (FIIs) have sold equity shares net amount of Rs 3,016 crore in past four trading sessions, as per provisional stock exchange data.

Shares of most of public sector undertakings (PSU) banks trading at their three-month low price on concerns of asset quality on account of their advances to companies whose coal block allocations have been cancelled by the Supreme Court.

Allahabad Bank, Andhra Bank, Canara Bank, Central Bank of India, Corporation Bank, Indian Overseas Bank, IDBI Bank, Oriental Bank of Commerce, Syndicate Bank, Uco Bank and United Bank of India  are touched three-month low.

Among the sectoral indices, S&P BSE Metal, S&P BSE Oil and Gas, S&P BSE Power and S&P BSE Realty hits three-month low.