D-laal street : Bloodbath on the Indian bourses, Biggest fall after 7th July 2009

Market opened with a gap down on fear that the roll-back of US stimulus could spark selling pressure by the overseas investors in the equity space. After the Reserve Bank of India's moves to tighten capital outflows and curb gold imports spooked foreign investors and USD/INR hit an all time high of 62, Indian equity markets plunged more than 4%. Nifty nose down by 234.45 points and ended at 5507.85 after making a day low of 5496.05 whereas Sensex collapsed by 769.41 points to close at 18598.18; investors lost Rs two hundred twenty thousand crores. The Reserve Bank of India (RBI) announced certain measures late on Wednesday to restrict how much its citizens and companies can invest abroad. This raised fears of outright capital controls that would further undermine the confidence of foreign investors.

All the Sectoral Indices on the National Stock Exchange closed into red. CNX Realty was the top loser by 6.66% followed by BankNifty(5.74%), CNX Metal(5.47%), CNX PSU Bank(5.38%) and CNX Finance(5.27%) which closed down more than 5%.
In Nifty50 stocks, just three stocks closed positively. Heromotoco was the real hero which hit a new week high at 2004.3. It gained 2.17% and ended at 1978.
JPAssociat was the turnover topper by the traded quantity and ICICIBank was by the traded value on NSE today.
Four stocks hit 52 weeks' low viz.BHEL, LT, PNB & SBIN.
Advance/Decline ratio was 5.25 : 1 as 997 stocks declined and 190 gained today on NSE.