Panicky investors dump stocks, blue chips in red

August 05, 2011 10:41

Blue-chips like Reliance Industries, TCS, Tata Steel and Infosys plunged into deep red on stock market today, as investors dumped stocks with significant
export exposure after an overnight sell-off in the US market.
Also, the companies with significant exposure to rising interest rates in domestic market witnessed heavy sell-off in their stocks.
The country's most valued firm RIL fell over 3 per cent in early morning trade to touch a low of Rs 786.10 in early morning trade.
Among other major losers, Jaiprakash Associates fell 4.5 per cent to Rs 60.65, Sterlite Industries plunged 4.5 per cent to Rs 144.40 and TCS was down 4.4 per cent at Rs 1049.

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